Podcast appearances and mentions of Edward O Thorp

En este episodio 100 del podcast rendimos homenaje a Edward O. Thorp, un matemático e inversor pionero en la teoría de la probabilidad aplicada a ganar dinero. Thorp ha dejado una huella imborrable en disciplinas tan diversas como los juegos de azar y las finanzas cuantitativas. Su enfoque holístico, basado en identificar ventajas estadísticas, gestionar rigurosamente el riesgo y optimizar decisiones bajo incertidumbre, ofrece lecciones esenciales para los inversores a largo plazo. Para profundizar en la figura de Thorp, cuento nuevamente con la participación del destacado matemático, físico y trader Ricardo Pérez-Marco. Ricardo ha participado ya en 8 episodios previos del podcast, desde su episodio inicial 32. En el episodio seguimos el hilo conductor de la magnífica autobiografía de Thorp, "A Man for All Markets", y discutimos cómo sus métodos matemáticos han influido en las estrategias de inversión cuantitativas modernas. Además, profundizamos en las aplicaciones del criterio de Kelly, su relación con Warren Buffett, la detección temprana del fraude de Madoff y las conexiones entre las matemáticas, los juegos de azar y las finanzas.Apoya este podcast conociendo a los patrocinadores:EBN Banco: Su supermercado de fondos de inversión te permite acceder siempre a la clase más barata, ahorrando de media más de un 30% en comisiones. ¿Cómo lo consiguen? Ofreciendo la clase limpia del fondo de inversión, que es la clase que no tiene retrocesiones. Si un fondo no tiene clase limpia, ofrecen la clase más barata y te devuelven toda la comisión de retrocesión. Así, tu rentabilidad a lo largo del tiempo crece sin costes innecesarios. Crescenta es la plataforma digital española que está revolucionando el acceso a la inversión en fondos de capital privado. Su misión es democratizar esta oportunidad, permitiendo a inversores minoristas y profesionales acceder a compañías no cotizadas en Bolsa. Gracias a Crescenta, ahora puedes invertir en fondos exclusivos que antes solo estaban disponibles para grandes patrimonios, diversificando tu cartera con un horizonte a más largo plazo. Si quieres saber más sobre cómo el capital privado puede formar parte de tu estrategia de inversión escucha mi charla con Eduardo Navarro, presidente de Crescenta, en el episodio 92 de este podcast.  Disclaimer: Rentabilidades pasadas no garantizan rentabilidades futuras.TEMAS0:00:00 - Introducción0:03:12 - El libro "A Man for All Markets" y filosofía de vida equilibrada0:08:07 - Formación académica y aplicación de matemáticas al Blackjack0:12:27 - "Beat the Dealer" y su impacto en los casinos0:19:21 - Transición de estrategias de gambling a mercados financieros0:22:42 - Colaboración con Shannon en estrategias para la ruleta0:25:21 - Fundamentos del criterio de Kelly y su aplicación0:29:25 - Evitar el riesgo de ruina y manejo del capital0:35:00 - Thorp como precursor de los inversores cuantitativos0:58:22 - Encuentro con Warren Buffett e influencias mutuas1:05:00 - Inversión en Berkshire Hathaway1:11:08 - Anticipación a la fórmula de Black-Scholes1:15:40 - Éxito del fondo de inversión: 20% anual durante décadas1:18:10 - Impacto de modelos matemáticos en los mercados1:23:24 - Problemas del VaR y peligros del apalancamiento1:26:51 - Limitaciones de las distribuciones normales en finanzas1:29:42 - La regla del 37% para seleccionar una persona1:38:41 - La regla del 72 para entender cómo impacta el interés compuesto1:57:47 - Descubrimiento del fraude de Madoff en 1981 (17 años antes)2:05:46 - Defensa de la indexación para inversores comunes2:07:05 - Enfoque holístico: finanzas, tiempo de calidad y salud2:09:11 - Educación autodidacta e independencia de criterio2:16:50 - Discusión sobre el mercado de oro y la falta de transparencia2:22:30 - Recomendaciones finales Más info con enlaces a los contenidos comentados en el blog de Juan Such:https://www.rankia.com/blog/such/6769556-100-ed-thorp-blackjack-wall-street-ricardo-perez-marco

This episode is a two-for-one, and that's because the podcast recently hit its 10-year anniversary and passed one billion downloads. To celebrate, I've curated some of the best of the best—some of my favorites—from more than 700 episodes over the last decade. I could not be more excited. The episode features segments from episode #409 "Brené Brown — Striving versus Self-Acceptance, Saving Marriages, and More" and episode #596 "Edward O. Thorp, A Man for All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough Is Enough."Please enjoy!Sponsors:AG1 all-in-one nutritional supplement: https://drinkag1.com/tim (1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase.)LinkedIn Ads marketing platform with 1B+ users: https://linkedin.com/TFS (free $100 LinkedIn ad credit for your first campaign)LMNT electrolyte supplement: https://drinklmnt.com/Tim (free LMNT sample pack with any drink mix purchase)Timestamps:[06:06] Notes about this supercombo format.[07:09] Enter Brené Brown.[07:30] Changing in a lasting, meaningful way.[08:03] Is self-accepted complacency possible?[10:53] My woo confession about a crux skill.[13:06] Narcissism: the shame-based fear of being ordinary.[14:06] Efficacy isn't always efficient.[15:48] Pathology as armor that can't be discarded.[16:28] What are you unwilling to feel?[17:04] Discarding armor that no longer serves us.[21:26] Curiosity as midlife's superpower.[22:53] There's trauma for all of us.[23:33] An 80/20 marriage hack.[25:18] Decisions in a family-focused family.[27:04] Parenting from compliance to commitment.[29:31] Enter Edward O. Thorp.[29:54] Edward's background, and what drew him to apply mathematics to gambling.[37:04] Edward's first blackjack trip to Vegas, reference materials used, and his meeting with Claude Shannon at MIT.[40:13] Edward and Claude devised a method to beat roulette using the first wearable computer, according to MIT.[42:16] Despite being 89, Edward looks great for his age; he discusses his approach to staying in shape over the years.[50:22] Edward explains how he got into finance and investing, and the people he met along the way.[59:25] Edward shares what convinced him that Warren Buffett would one day be the richest man in the world after their first meeting.[1:03:58] Edward discusses the frameworks he would teach in an investing seminar for modern students, including those without a strong math aptitude.[1:08:52] Edward shares lessons learned from investing that are transferable to other areas of life.[1:11:02] Edward, a long-term thinker at 89, offers advice for those who struggle to think beyond the short-term.[1:15:40] Edward explains how he discovered something suspicious about the Madoff brothers' business practices 17 years before others caught on.[1:24:17] Exploring mental models of externalities, the tragedy of the commons, and fundamental attribution errors.[1:33:32] Edward recommends reading and listening material for those who want to enact positive change in the world, politically or evolutionarily.[1:38:51] Edward shares which investors, besides Warren Buffett, impress him and why.[1:42:52] Edward discusses how he balanced growing a business with personal life and what led him to wind things down.[1:47:56] Edward defines independence and shares how he spent his time after winding down the investment side of his life.[1:49:30] Edward shares what he's particularly curious about learning at the moment.[1:51:40] Reflecting on a conversation between Joseph Heller and Kurt Vonnegut, and other parting thoughts.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tham gia group Tiền ở đâu - Đầu ở đó để chia sẻ, học hỏi kiến thức hữu ích về kinh tế, tài chính: https://b.link/yt-tien-o-dau-2 Người đàn ông khiến cả phố Wall lẫn các sòng bạc bậc nhất nước Mỹ phải “kính nể”, giáo sư toán học áp dụng xác suất hạ gục các sòng bạc tại Mỹ, thiên tài đầu tư 30 năm không thua lỗ - đó là những danh xưng người ta dùng để nói về Edward O. Thorp. Người đàn ông “đánh bại mọi thị trường” Edward O. Thorp – Cha đẻ của trường phái đầu tư định lượng là người duy nhất khiến các Casino náo nhiệt nhất tại Las Vegas cho tới thị trường phố Wall phải kính nể. Ông cũng là người lập lên quỹ đầu tư định lượng đầu tiên trên thế giới - Quỹ Princeton Newport Partners với thành tích đáng nể - tăng trưởng 409% chỉ trong một thập kỷ. __ Tủ sách hoành tráng của Spiderum: https://shope.ee/2q3x7O0fxv Các đầu sách bạn có thể quan tâm: - Người trong muôn nghề - Định hướng nghề nghiệp toàn diện: https://shope.ee/AURO9YQc3A - Người trong muôn nghề: Ngành IT có gì?: https://shope.ee/9pBhMKT9Oy - Người trong muôn nghề: Ngành Kinh tế có gì? - Tập 1: https://shope.ee/9UYqxiUQ4w - Người trong muôn nghề: Ngành Kinh tế có gì? - Tập 2: https://shope.ee/9KFQlPV3Pv - Người trong muôn nghề: Ngành Sáng tạo - Nghệ thuật có gì?: https://shope.ee/9zV7YdSW47 - Người trong muôn nghề: Ngành Xã hội - Nhân văn có gì?: https://shope.ee/5pfYayiNWK - Mùi mẹ - Món quà dành tặng người phụ nữ yêu thương: https://shope.ee/6AIOzah6qU - DevUP - Phát triển toàn diện sự nghiệp lập trình viên: https://shope.ee/9esHA1Tmjx - Seneca: Những Bức Thư Đạo Đức – Chủ Nghĩa Khắc Kỷ Trong Đời Sống - Tập 1: https://shope.ee/6zrW08ngb2 - Seneca: Những Bức Thư Đạo Đức – Chủ Nghĩa Khắc Kỷ Trong Đời Sống - Tập 2: https://shope.ee/A9oXkwRsj8 - Mở khóa thương mại điện tử Việt Nam: https://shope.ee/5V2iCMjeCI - Doing good better - Làm việc thiện đúng cách: https://shope.ee/6KbpBtgTVV - Động lực nội tại - Làm sao để yêu công việc và đạt đến thành công: https://shope.ee/6UvFOCfqAW - Bước ra thế giới: Cẩm nang du học và săn học bổng: https://shope.ee/5fM8Ofj0rJ - Chuyện người chuyện ngỗng (Vũ Hoàng Long): https://shope.ee/4AXKcUjKAQ __ Hóng các cuộc hội thoại thú vị, nhiều kiến thức bổ ích trên kênh Talk Sâu: https://b.link/talksau Lắng nghe những câu chuyện về thế giới nghề nghiệp cùng podcast Người Trong Muôn Nghề: https://b.link/NTMN-Podcast ______________ Bài viết: Edward O. Thorp: Từ sòng bạc Las Vegas tới phố Wall Được viết bởi: Link bài viết: https://spiderum.com/bai-dang/Chuyen-...https://spiderum.com/bai-dang/Chuyen-... ______________ Giọng đọc: Pinkdot Editor: Yupik ______________ Bản quyền video: Spiderum Bản quyền nhạc: Youtube Audio Library, Epidemic Sound ______________ --- Send in a voice message: https://podcasters.spotify.com/pod/show/spiderum/message Support this podcast: https://podcasters.spotify.com/pod/show/spiderum/support

"A Man for All Markets" by Edward O. Thorp is a captivating account of a remarkable journey from Las Vegas to Wall Street. With his profound understanding of mathematics and a relentless curiosity, Thorp revolutionized casino gambling and constructed a highly successful career in the financial markets. Through the lens of probability theory and statistical analysis, Thorp formulated groundbreaking strategies, forever changing the way we approach investment and risk management. However, his understanding of wealth transcends mere financial success, emphasizing the value of knowledge, personal freedom, and passionate pursuits. This is a tale of innovation, intellectual growth, and the ceaseless pursuit of an edge, offering valuable insights for anyone seeking to navigate the uncertain terrains of risk and reward.

Reading is a huge passion of mine as I am really interested in the insight of others. I love to learn about people's stories and their lives.  I'm driven to read due to a fascination of people's journeys. In this episode I am sharing with you my must reads for this summer, in my view these books are interesting, insightful and provide much food for thought – I hope you will agree! I have also suggested some YouTube videos & podcasts, both are a valuable resource to me and provide access to some great minds and points for discussion. So lay back on your sun lounger and enjoy working your way through my recommendations, and don't forget to let me know what you think.  You can email me at hello@theretirementcafe.co.uk or use the links below to connect. USEFUL LINKS How They Succeeded Life Stories of Successful Men Told by Themselves, by Orison Swett Marden (98p on Kindle) https://amzn.to/46q0t50  The Path of Least Resistance: Learning to Become the Creative Force in Your Own Life, by Robert Fritz (on Audible) - https://amzn.to/3Xu40uU  A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market, written by Edward O. Thorp - https://amzn.to/3CRUEzJ  Change Your Brain: Neuroscientist Dr. Andrew Huberman | Rich Roll Podcast, on YouTube: https://youtu.be/SwQhKFMxmDY  Walter Isaacson Elon Musk Twitter Space FULL – Video on YouTube: https://youtu.be/-yhuiovST4A  Steve Jobs: The Exclusive Biography, by Walter Isaacson - https://amzn.to/44j7V0x  Leonardo Da Vinci, by Walter Isaacson - https://amzn.to/3Ny36sJ  Practical Tax Planning For Property: Jargon-free advice for investors and developers, by Alan Pink - https://amzn.to/46qnswN The Essays of Warren Buffett: Lessons for Corporate America, by Lawrence A Cunningham, Warren Buffet - https://amzn.to/3NUiuRy  Podcast: The Diary of a CEO with Steven Bartlett, on Apple Podcasts - https://podcasts.apple.com/gb/podcast/the-diary-of-a-ceo-with-steven-bartlett/id1291423644  CONNECT WITH ME Thanks for checking out my YouTube channel - I'm Chartered and Certified Financial Planner Justin King and I help people to retire successfully.

Ed Thorp, The Man for All Markets — How to Think for Yourself, A Real Estate Cautionary Tale, Hedge Fund History and Warnings, The Incredible Power of Basic Numeracy (and How to Develop It), Thought Experiments on Risk, Popular Delusions, Cryptocurrencies, and More | Brought to you by Wealthfront automated investing, Vuori comfortable and durable performance apparel, and Eight Sleep's Pod Pro Cover sleeping solution for dynamic cooling and heating. More on all three below.Edward O. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. His subsequent book, Beat the Market, coauthored with Sheen T. Kassouf, influenced securities markets around the globe. He is also the author of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market.Edward was one of the world's best blackjack players and investors, and his hedge funds were profitable every year for 29 years. He lives in Newport Beach, California.You can find our first conversation here.Please enjoy!This episode is brought to you by Wealthfront! Wealthfront pioneered the automated investing movement, sometimes referred to as ‘robo-advising,' and they currently oversee $28 billion of assets for their clients. It takes about three minutes to sign up, and then Wealthfront will build you a globally diversified portfolio of ETFs based on your risk appetite and manage it for you at an incredibly low cost. Smart investing should not feel like a rollercoaster ride. Let the professionals do the work for you. Go to Wealthfront.com/Tim and open a Wealthfront account today, and you'll get your first $5,000 managed for free, for life. Wealthfront will automate your investments for the long term. Get started today at Wealthfront.com/Tim.*This episode is also brought to you by Eight Sleep! Eight Sleep's Pod Pro Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Pro Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.And now, my dear listeners—that's you—can get $250 off the Pod Pro Cover. Simply go to EightSleep.com/Tim or use code TIM at checkout. *This episode is also brought to you by Vuori clothing! Vuori is a new and fresh perspective on performance apparel, perfect if you are sick and tired of traditional, old workout gear. Everything is designed for maximum comfort and versatility so that you look and feel as good in everyday life as you do working out.Get yourself some of the most comfortable and versatile clothing on the planet at VuoriClothing.com/Tim. Not only will you receive 20% off your first purchase, but you'll also enjoy free shipping on any US orders over $75 and free returns.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to another episode of The Tim Ferriss Show, where it is my job to deconstruct world-class performers to tease out the routines, habits, et cetera that you can apply to your own life. This is a special inbetweenisode, which serves as a recap of the episodes from last month. It features a short clip from each conversation in one place so you can easily jump around to get a feel for the episode and guest.Based on your feedback, this format has been tweaked and improved since the first recap episode. For instance, @hypersundays on Twitter suggested that the bios for each guest can slow the momentum, so we moved all the bios to the end. See it as a teaser. Something to whet your appetite. If you like what you hear, you can of course find the full episodes at tim.blog/podcast. Please enjoy! ***Timestamps:EDWARD O. THORP: 00:01:42MORGAN FALLON: 00:10:14RICHARD WISEMAN: 00:19:11DENNIS MCKENNA: 00:31:16CAL NEWPORT: 00:39:28***Full episode titles: Edward O. Thorp, A Man for All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough Is Enough (#596)Morgan Fallon — 10 Years on the Road with Anthony Bourdain, 9 Emmy Nominations, Lessons from Michael Mann, Adventures with Steven Rinella, High Standards, Wisdom from West Virginia, and More (#597)Richard Wiseman on Lessons from Dale Carnegie, How to Keep a Luck Diary, Mentalism, The Psychology of the Paranormal, Mass Participation Experiments, NLP, Remote Viewing, and Attempting the Impossible (#593)Dennis McKenna — An Ethnopharmacologist on Hallucinogens, Sex-Crazed Cicadas, The Mushrooms of Language, BioGnosis, and Illuminating Obscure Corners (#592)Cal Newport and Tim Ferriss Revisit “The 4-Hour Workweek” (Plus: The Allure and The Void of Remote Work, Unsustainable Behaviors, Burning Out, The Cult of Productivity, and More) (#594)***For show notes and past guests, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsors.Sign up for Tim's email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Balaji Srinivasan, Sarah Silverman, Dr. Andrew Huberman, Dr. Michio Kaku, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We cover so much ground in this conversation with friend-of-the-show David Senra (

Edward O. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough | Brought to you by Wealthfront automated investing, Athletic Greens all-in-one nutritional supplement, and Eight Sleep's Pod Pro Cover sleeping solution for dynamic cooling and heating. More on all three below.Edward O. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. His subsequent book, Beat the Market, coauthored with Sheen T. Kassouf, influenced securities markets around the globe. He is also the author of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market.Edward was one of the world's best blackjack players and investors, and his hedge funds were profitable every year for 29 years. He lives in Newport Beach, California.Please enjoy!This episode is brought to you by Wealthfront! Wealthfront pioneered the automated investing movement, sometimes referred to as ‘robo-advising,' and they currently oversee $28 billion of assets for their clients. It takes about three minutes to sign up, and then Wealthfront will build you a globally diversified portfolio of ETFs based on your risk appetite and manage it for you at an incredibly low cost. Smart investing should not feel like a rollercoaster ride. Let the professionals do the work for you. Go to Wealthfront.com/Tim and open a Wealthfront account today, and you'll get your first $5,000 managed for free, for life. Wealthfront will automate your investments for the long term. Get started today at Wealthfront.com/Tim.*This episode is also brought to you by Eight Sleep! Eight Sleep's Pod Pro Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Pro Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.And now, my dear listeners—that's you—can get $250 off the Pod Pro Cover. Simply go to EightSleep.com/Tim or use code TIM at checkout. *This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and five free travel packs) with your first subscription purchase! That's up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.Sign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sưu tầm

มีคำพูดว่า เกมพนันชนะได้ยากในระยะยาว แต่ Edward O. Thorp ไม่เชื่อเช่นนั้น จากการนำความรู้ทางสถิติมาทดสอบกับการพนัน จนพบช่องโหว่ในการทำกำไรมหาศาล สู่การผันตัวนำหลักการเหล่านั้นมาใช้กับการลงทุน จนกลายมาเป็นผู้จัดการกองทุนที่ทำผลตอบแทนได้ยอดเยี่ยมอย่างยาวนาน เรื่องราวของ Edward O. Thorp เป็นอย่างไร ลงทุนแมนจะเล่าให้ฟัง

In this episode of the Intelligent Investing Podcast, Eric Schleien sits down with WSJ Veteran Reporter, Gregory Zuckerman, to discuss his book "The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution"   Editorial Reviews “Leave it to the Wall Street Journal's Greg Zuckerman to lay open the golden mysteries of quantitative investing. With this fine, humane, and eye-opening book, he's well and truly broken the code.” —James Grant, Grant's Interest Rate Observer “Captivating.” —New York Times   “A compelling read.” —The Economist   “Reads like a delicious page-turning novel.” —Barry Ritholtz, Bloomberg   “One of the most important stories of our time.” —Financial Times   “Zuckerman brings the reader so close to the firm's inner workings that you can almost catch a whiff of the billionaire's Merit cigarette.” —Brandon Kochkodin, Bloomberg “A gripping biography of investment game changer Jim Simons… readers looking to understand how the economy got where it is should eat this up.” —Publishers Weekly "Worthwhile reading for budding plutocrats and numerate investors alike." —Kirkus “Immensely enjoyable.” —Edward O. Thorp, author of A Man for All Markets   “An extremely well-written and engaging book . . . a must read, and a fun one at that.” —Mohamed A. El-Erian, author of The Only Game in Town "Page-turning tale…bravura storytelling." —Gary Shteyngart, author of Lake Success About The Book NEW YORK TIMES BESTSELLER Shortlisted for the Financial Times/McKinsey Business Book of the Year Award The unbelievable story of a secretive mathematician who pioneered the era of the algorithm--and made $23 billion doing it.   The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution": Summary Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars. Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit. The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.   About Gregory Zuckerman Greg is a Special Writer at The Wall Street Journal, ​a 20-year veteran of the paper and a three-time winner of the Gerald Loeb award — the highest honor in business journalism. Greg is the author of “The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters,” a national bestseller published October 2014 by Portfolio/Penguin Press. The book describes how several unlikely individuals created an American energy renaissance that brought OPEC to its knees. The Frackers was named among the best books of 2014 by The Financial Times and Forbes Magazine and book of the year by the New York Financial Writers Association. Greg also wrote “The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History,” a New York Times and Wall Street Journal best seller published December 2010 by Crown Business/Random House. The book has been translated into 10 languages. Greg and his two sons wrote Rising Above: How 11 Athletes Overcame Challenges in their Youth to Become Stars,” a book for young readers and adults published May 2016 by Philomel/Penguin that describes the remarkable stories of how stars in various sports overcame imposing setbacks in their youth. The book was chosen by Scholastic Teacher magazine as a top pick for 2016 and a top 2017 recommendation of the Texas Library Association. In February 2018, Rising Above-Inspiring Women in Sports, also written by Greg and his sons, will be published. At the Journal, Greg writes about big financial firms, personalities and trades, hedge funds, the energy revolution and other investing and business topics. Previously, Greg was the lead writer of the widely read “Heard on the Street” column and covered the credit markets, among other beats. In 2015, Greg won the Loeb Award for a series of stories revealing discord between Bill Gross, founder of bond powerhouse Pimco, and others at the firm, including Mohamed El-Erian. The stories led to Mr. Gross's surprise departure from Pimco. In 2012, Greg broke news about huge, disastrous trades by the J.P. Morgan trader nicknamed the “London Whale.” In 2007, Greg was part of a team that won the Gerald Loeb award for breaking news coverage of the collapse of hedge fund Amaranth Advisors and in 2003 he won the Loeb award for breaking news coverage of the demise of telecom provider WorldCom. Greg was part of a team that won the New York Press Club Journalism award in 2008. He was a finalist for the 2011 Gerald Loeb award for investigative news coverage of the insider trading scandal and a finalist for the 2008 Gerald Loeb award for coverage of the mortgage meltdown. Greg appears regularly on CNBC, Fox Business, Yahoo Finance, Bloomberg Television and various television networks. He makes regular appearances on National Public Radio, BBC, ABC Radio, Bloomberg Radio and radio stations around the globe. Greg gives speeches to business groups on a variety of topics. Over the past year, he has spoken to groups in New York, Los Angeles, San Francisco, Houston, Dallas, Las Vegas, Phoenix, Calgary, Montreal and Niagara Falls. Greg joined the Journal in 1996 after writing about media companies for the New York Post. Previously, he was the managing editor of Mergers & Acquisitions Report, a newsletter published by Investment Dealers' Digest. He graduated from Brandeis University in 1988, Magna Cum Laude. A graduate of Brandeis University, Greg lives with his wife and two sons in West Orange, N.J., where they enjoy the Yankees in the summer, root for the Giants in the fall, and reminisce about Linsanity in the winter.   Staying In Touch With Gregory Zuckerman Twitter Email Website WSJ Profile   Staying In Touch With Eric Schleien Podcast Blog Facebook YouTube LinkedIn Twitter Instagram GSCM

Our guest on the podcast this week is Charles de Vaulx. De Vaulx is chief investment officer and portfolio manager at International Value Advisers, where he is also a partner. With his colleague Chuck de Lardemelle, de Vaulx manages the IVA International and IVA Worldwide strategies. Before joining IVA in 2008, de Vaulx had been the portfolio manager of First Eagle Global, First Eagle Overseas, First Eagle U.S. Value, and First Eagle Variable. For his accomplishments, Morningstar has recognized de Vaulx several times in the past, awarding him and his comanager our International-Stock Manager of the Year Award in 2001 and nominating them for the same award in 2006. De Vaulx began his career at Societe Generale Bank as a credit analyst in 1985. He graduated from the Ecole Superieure de Commerce de Rouen and holds the French equivalent of a master's degree in finance.BackgroundCharles de Vaulx bioCharles de Lardemelle bioIVA Worldwide IVWIX IVA International IVIOX ReferencesModern monetary theory (MMT) definitionHerfindahl-Hirschman Index (HHI) definitionCreative destruction definitionA History of Interest Rates, by Sidney Homer and Richard Sylla; 2007"The Irresistible Charm of the Family Factor," by Credit Suisse, Sept. 27, 2017Jean-Marie Eveillard bio"The Superinvestors of Graham-and -Doddsville," by Warren Buffett, Columbia Business School, May 17, 1984Berkshire Hathaway 2013 shareholder letter, Page 20Edward O. Thorp bioSuperforecasting: The Art and Science of Prediction, by Philip E. Tetlock and Dan Gardner, 2016

Our guest this week is Richie Rich, an advantage player for almost 40 years.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.podcastClick to listen - Alt click to downloadShow Notes[00:00]  Introduction of blackjack player, Richie Rich[01:25]  Richie's gambling background[07:23]  Richie starts counting cards[10:56]  Is Richie a full time AP?[12:21]  Cover strategy, back-offs, and names[23:52]  "Wesley Snipes"[28;50]  What other techniques enable Richie's longevity[38:19]  South Point Casino October Promotions - Free Play with a Kicker, free video poker classes[39:45]  Predictit.org - political betting market with a $20 deposit match for GWAE listeners[42:48]  VideoPoker.com - Pro membership details coming soon[44:15]  Frank Sinatra's last concert in Atlantic City[47:25]  Casino grand opening stories[56:27]  Recommended - Lizzie:  The Musical by Poor Richard's PlayersSouthPointCasino.comVideoPoker.com/gwaePredictit.org/promo/edgeBobDancer.com/seminarsBeat the Dealer by Edward O. Thorp  https://amzn.to/2pteOOd

Our guest this week is a blackjack player who posted for years on online forums as "the Doc." He tells how he got started, his first backoffs, and his interactions with the wealthy curmudgeon, "Mr. H."We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.podcastClick to listen - Alt click to downloadShow Notes[00:00] Introduction of blackjack player, The Doc[00:34] The origin of Doc's name[01:39] How did Doc start playing with an edge?[03:50] Internet blackjack forums[06:15] Doc's memorable back-offs[09:48] Doc's wife's opinion of his advantage play[13:10] More Treasure Island back-off details[15:40] Doc's annual blackjack hours and travel schedule[17:04] Doc's bet size strategy[20:25] Has Doc had any bad back-offs?[24:08] Playing rated vs playing unrated[27:57] South Point Casino August Promotions - South Point merchandise and free play[29:02] VideoPoker.com - Gold Membership offers correction on most games[30:16] Stories about Mr. H[42:09] Playing in a private casinoBooks:Beat the Dealer by Edward O. Thorp https://amzn.to/2TiPAgfBlackjack Attack by Don Schlesinger https://amzn.to/2GUvSlYProfessional Blackjack by Stanford Wong https://amzn.to/31jnJ2iBlack Belt in Blackjack by Arnold Snyder https://amzn.to/2H8IrdJ

Our guest today is a woman who posts under the name of Black Asian. She is a relatively new, successful blackjack counter, and describes some of the adventures in her first few years of AP experience.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.podcastClick to listen - Alt click to downloadShow Notes[00:00] Introduction of card counting AP and attorney, BlackAsian[00:39] Discussion of the value of being an Asian female AP[05:48] BlackAsian's gambling background, playing with Vagabond, Blackjack Boot Camp[13:30] Moving to Vegas with a $3,000 bankroll[16:03] BlackAsian's marriage[17:45] Bankroll progression[20:03] Comparison of AP and practicing law[23:18] BlackAsian's personality when playing[26:22] South Point Casino July Promotions: "Mad Money" casino-wide progressives[26:58] VideoPoker.com: Gold Membership offers correction on most games[27:23] Driving in Arizona, civil forfeiture[32:01] Traveling with money[35:18] Discussion of AP personality types[37:36] Ed Thorpe[38:55] Session length[45:51] Big player discussionSouthPointCasino.comVideoPoker.comBooks:Blackjack Blueprint by Rick Blaine https://amzn.to/2Lp8PDHA Man for All Markets by Edward O. Thorp https://amzn.to/32BDTFu

David Siegel is the world’s first web designer and is the author of five books on the web and business. He has started 23 companies, including Studio Verso, one of the world's first digital agencies, which was sold to KPMG. His most recent book, which is highly rated on Amazon, is called Pull, which describes the shift from powerful companies to powerful consumers. In 2016, David was a candidate for the post of dean at Stanford Graduate School of Business. In July 2017, he led a team of volunteers to the successful ICO of The Pillar Project (tagged “the easiest cryptocurrency mobile wallet to use”), which raised more than US$20 million. He’s also the CEO of 20|30, a venture studio based in London. “From a forensic point of view, the reason most start-ups fail is failure to make the sale. So people don’t understand this; they think it’s some kind of product-market fit or engineering or the product wasn’t good enough, or it was management, or there wasn’t enough money. In fact, all those things are second or later causes; the number one cause of failure is failure to make the sale.” – David Siegel, who has done around 23 start-ups in his career   Worst investment ever Number 1 The first one was a US$100 million mistake. He had an ICO, and ether (cryptocurrency) was valued at around $170, or his ICO had a $21 million valuation at the time (that’s how much money he had raised). By the end of that year, he had $150 million worth of ether. In the time after the ICO, he became more conscious of money management. He knew he was at the right time to cash out, but it turned out that turning ether into cash would be difficult. He was trying to sell ether and get to dollars in any way he could, but the banks were refusing to take his ether because it was difficult to do the anti-money-laundering (AML) and KYC due-diligence compliance. After trouble also with currency exchanges, which were saying he had to exchange back into ether again, and months of trying to find banks to accept his money (he wanted to put around $50 million into a bank account right away), he could not, because AML laws were standing in his way. While this was going on, ether was going down in value as was bitcoin. At the end of it all, ether had dropped back down to $350. David hoped it would climb again but it went down to $73. So the value of his company fell from $150 million down to $5 million. The company is still alive and “still has the lights on”, but it has slimmed considerably. As David said: “It’s austerity time here”, but he believes his team is going to make it work in the long run. Numbers 2 and 3 David discussed two other business investments he was involved in – a brick factory in Cambodia, and a new kind of wholesale mortgage company, the latter which failed due to the lack of “regulatory capital”.   Some lessons Astute money management is essential: You lose money pretty much the same way you make it, through money management. Your money management scheme determines if you are going to be a winner in the long run. Be wary about asset allocation and remember diversification. Failure in these areas can often result from overconfidence, which is based on being too optimistic and seeing all the potential upside and not looking broadly and deeply enough at the downside.   Andrew’s takeaways The potential impact of macro-economic and external factors are supremely difficult to predict and factor in. The effects of such factors, whether they are major economic upheavals in a country or region, government regulations, political power shifts, can be very hard to estimate and allow for. Beware the error of inaction. When you find an idea you like or something you’re interested in, don’t make the mistake of not doing anything. If unsure about the potential of an idea, remember the smaller position option. Try to figure out how you can take a small position in an investment, rather than blowing all your money just because you like the idea. Actionable advice Learn to sell and learn all about money management.   #1 goal for next 12 months Pillar Project is Daniel’s pride and joy and he expressed hope that listeners would visit PillarProject.io and learn about its mission to change the world. His team for the next 12 months wants to build on a strong platform product, which was launched a month ago (at time of recording) and is seeking a following of at least a million people by the end of the year. He points out that the Pillar Project is part of the Personal Data Movement, which is the idea of taking back control of personal data, that people should own their personal data and decide what to do with it. He added that people should run their own algorithms to help them, and not Amazon’s or Facebook’s or Google’s.   Parting words David is a self-confessed student of failure, and one of his favorite authors is child-development expert Alfie Kohn. David asserts that Kohn is also a business guru, because, he says, if you know a lot about children, you can understand markets.   “It’s not just the habit of attributing your failure to being stupid that holds you back but also the habit of attributing your success to being smart.” – David Siegel, quoting Alfie Kohn   You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points    Connect with David Siegel LinkedIn   Connect with Andrew Stotz astotz.com  LinkedIn Facebook  Instagram Twitter  YouTube My Worst Investment Ever Podcast    Further reading mentioned Edward O. Thorp (2017) A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market David Siegel (2009) Pull: The Power of the Semantic Web to Transform Your Business

Dr. Steve Chung, CEO of Healthereum, is a busy urologic surgeon in Chicago but also has lots of hobbies and interests including mining. Healthereum already has a beta app and started piloting in his clinic. Healthereum is a blockchain based company that has created dapps to solve 4 specific communication problems between patient, provider, and insurance companies. Dr. Steve Chung is a Urologic surgeon in Chicago and has been involved in multiple startup ventures. He is co-owner of his urologic practice for over 13 years and has served an administrative role at seven hospitals. Website: https://healthereum.com/ Show Notes •Introduction and Dr. Chung's background •What is the vision for Healthereum? •Four patient experience problems Healthereum is solving 1.No shows – Do you think telehealth will improve the no show problem? - Patient Appointment Adherence Issues. Missed appointments cost the healthcare system $150 billion each year, this excludes the hidden costs of no-shows which Dr. Chung explains. 2.Small Survey sample size 3.Delayed claim payments – How difficult is it for a provider to get paid by insurance companies? How widespread is this problem? Lack of standardization in claims. 4.Lack of Patient messaging - The Centers for Medicare and Medicaid Services attempted to solve the problems encountered with data collection by instilling Core Quality Measures (CQM). •Solutions – 4 dapps - HELIO (Healthereum Life Portfolio) oMIDUSO oPULSE oVERIFY o HPED •Telehealth for second opinions •Have you thought that you are trying to do too much at once? •What are the biggest barriers to adoption? •Can you describe your technology stack? oBlockchain – ERC20 token oStorage oApp oWeb oHealthereum DAO - The Healthereum DAO that will be composed purely of registered and licensed providers, hospital networks, insurers and industry groups that are verified as contributing to a patient’s healthy lifestyle. The task of verifying the actors in the DAO will fall upon the foundation which collectively acts within an executive role. Potentially, the foundation itself could be voted out if the current verified providers find that the foundation is not acting in the interests of their patients. •How is the company structured? •Team background •Who are your company partners and major users? •STO - Healthereum LLC is a Title III - Regulation Crowdfunding Campaign - https://www.startengine.com/healthereum •Has government regulation affected the company's decision making process? •Steve’s most intriguing person – Edward O. Thorp - Author of “Beat the Dealer” https://en.wikipedia.org/wiki/Edward_O._Thorp News Corner In April 2019, Microsoft announced it will be shutting down its HealthVault patient record service on November 20th 2019. Microsoft started HealthVault in 2009 after two years in beta mode giving people free access to personal health record storage platform. So if you have data on Microsoft’s Healthvault, you have until nov. 20th to transfer your information. They suggest transferring data to Get Real Health or FollowMyHealth platforms. Although they are shutting down this service, Microsoft still has its sights on healthcare and has even partnered with Walgreens to improve health outcomes and lower overall costs. In my opinion, Personal health records are really valuable if you don’t own all your personal data. Although health records don’t seem to be the lowest hanging fruit in the blockchain/healthcare market now, I think the creation of good secure and self-owned health records will become an incredibly valuable way of encouraging people own their own health. https://www.engadget.com/amp/2019/04/06/microsoft-is-shutting-down-its-healthvault-patient-record-servic/ Health Unchained Links Website: healthunchained.org Telegram: t.me/healthunchained Twitter: twitter.com/Healthunchaind Udemy Blockchain/Healthcare Course ($125 off with HEALTHUNCHAINED coupon): • https://www.udemy.com/blockchain-and-healthcare/?couponCode=DOGUM2019

Edward O. Thorp is the legendary mathematician who invented quantitative investing, card-counting, and the first wearable computer. Today he discusses how he used mathematics to win at blackjack, some of the tricks casinos employed to try and thwart his methods, and how he created the first wearable computer in order to beat  casinos at roulette. Then he reveals how he used his math skills to become one of the best hedge fund mangers in the world, why he sees Wall Street as the biggest casino of all, and why he’s skeptical of the so called "wisdom of markets." Plus Ed Thorp shares how he figured out Bernie Madoff was a con man, his calculations on the 2016 election, and his odds on whether there’s an afterlife. Order Edward Thorp’s book A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market on Amazon or download the audio version for free with a special offer for our listeners at www.audibletrial.com/kickassnews. You can visit Edward Thorp’s website at www.edwardothorp.com. Today's podcast is sponsored by GoDaddy. Visit www.GoDaddy.com and enter our promo code "KICK30" to get 30% off a new domain. Please subscribe to Kickass News on iTunes and take a moment to take our listener survey at www.podsurvey.com/KICK. And support the show by donating at www.gofundme.com/kickassnews. Visit www.kickassnews.com for more fun stuff.

This week, the Global Gaming Business Podcast features an interview with Ed Thorp, the author of the 1962 book Beat the Dealer, which launched the blackjack card counting phenomenon that continues to this day. Thorp is a mathematician by trade and his interest in gaming actually began when he was trying to beat the roulette wheel. He switched to blackjack after reading a study by several MIT students in the mid-1950s that demonstrated the vulnerabilities of blackjack. Beat the Dealer caused a sensation when it was released and actually caused casinos to come up with some defense mechanisms. He explains how he developed the strategy, the early years and his views on casino games today. He spoke with Global Gaming Business Publisher Roger Gros at the World Game Protection Conference in Las Vegas in February.