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Each year, more than 800,000 Americans suffer a heart attack and many of those who survive are left with irreversible scarring and the slow progression towards heart failure. In this episode, Edward Thorp, PhD, explains how his team is exploring immune cells that influence the heart's ability to heal after such injuries. In Thorp's lab, they are uncovering fundamental molecular mechanisms by which the immune system regulates wound repair, reduces inflammation and regenerates tissue.
Javier Ruiz es gestor en Horos Asset Management, un fondo de inversión que sigue la metodología del value investing, que podría resumirse como comprar buenos productos a buenos precios. Entendí su filosofía cuando me contó la tesis del uranio. Los mercados presentan ineficiencias y los gestores activos intentan aprovecharse de ellas. Las oportunidades de arbitraje son incluso mayores con la popularidad reciente de la inversión pasiva. Javier detalla los aprendizajes en sus magníficas cartas trimestrales.Kapital es posible gracias a sus colaboradores:La casa ESE. ¿Cómo quieres vivir?Aquí de vuelta los pesaos queridos amigos de La casa ESE. Buscando la forma de seguir inventando cosas ya inventadas hemos creado mapadecasas.com, allí tendréis la oportunidad de encontrar, más que vuestra futura casa, vuestra futura vida. Sí, es muy ambicioso. En Madrid, por ejemplo, vamos a crear un conjunto residencial donde además de habitar, podamos llevar un poquito del Mediterráneo moral. No sólo una casa, sino un lugar que tenga zonas verdes, espacios comunitarios y hasta un edificio que pueda hacer las veces de coworking entre otras cosas. A 30 minutos de Madrid y buscando gente afín al mundo tecnológico, al emprendimiento, al marketing y a la cultura. Visita la propuesta de Distrito ESE.UTAMED. La universidad online del siglo XXI.UTAMED, la universidad oficial y online de la Fundación Unicaja, nace para romper las barreras que durante décadas han limitado el acceso a la educación y la cultura. Con exámenes 100 % online y financiación sin intereses, ofrecemos una formación accesible, flexible y comprometida con el presente. Porque hoy ya no basta con obtener un título: en UTAMED te preparamos para trabajar desde el primer año. Lo hacemos junto a la empresa, adaptando los contenidos académicos a sus demandas reales, para que nuestros estudiantes adquieran las competencias más valoradas en el mercado laboral. Por ser oyente de este podcast, tienes un descuento del 30% en todo el catálogo de grados y másteres, oficiales y propios.Patrocina Kapital. Toda la información en este link.Índice:2:25 La estafa del Forúm Filatélico.9:28 Rivalidades personales en los mercados.17:43 Munger clasifica 25 errores de comportamiento.20:11 La última decisión de Kahneman.30:01 El instinto maladaptado de seguir al rebaño.35:21 Apalancamiento mortal.40:54 Fuentes de valor añadido según Mauboussin.53:26 Invertir en compañías aburridas.1:01:58 Comisiones en la gestión de activa.1:12:45 Explicárselo a un niño de cinco años.1:15:56 Refritos de ETFs con comisión del 2%.1:26:50 Objetivar el proceso de decisión.1:32:49 La paradoja del margen de seguridad.1:36:19 El criterio de Kelly.1:41:25 La fantástica tesis del uranio.1:51:37 Ampliación de capital para pagar dividendo.1:57:34 Anticipar el sentimiento colectivo.2:01:57 La historia de los tipos de interés.2:06:17 Teoría austríaca del ciclo económico.Apuntes:Measuring the moat. Michael Mauboussin & Dan Callahan.The adaptive market hypothesis. Andrew Lo.El enigma de la experiencia frente a la memoria. Daniel Kahneman.Cartas a los accionistas. Seth Klarman.Herbalife. Bill Ackman.Un paso por delante de Wall Street. Peter Lynch.The model. Richard Lawrence.El diccionario financiero del diablo. Jason Zweig.A man for all markets. Edward Thorp.Rendimientos del capital. Edward Chancellor.El precio del tiempo. Edward Chancellor.
Welcome to the Instant Trivia podcast episode 1210, where we ask the best trivia on the Internet. Round 1. Category: Shared Last Names 1: Governor Howard and pitcher Dizzy. Dean. 2: Musician Miles and actress MacKenzie. Davis. 3: Actresses Lana and Kathleen. Turner. 4: Singer James and chef Alton. Brown. 5: Actress Esther and pianist Roger. Williams. Round 2. Category: Disguise 1: Participants in the famous Boston Tea Party were disguised as these. Indians. 2: Disguised as a clergyman, Thomas Blood stole the British crown from this site in 1671. the Tower of London. 3: He was a swan for Leda and a cuckoo for Hera. Zeus. 4: Dressed as a beggar, he discovered his wife Penelope had been faithful during his long trip. Odysseus. 5: Legend says in 878 this "Great" English king dressed up like a minstrel to spy on the Viking camp. Alfred (the Great). Round 3. Category: A Century Ago: 1923 1: This facility hosts its first game, with Babe Ruth hitting a 3-run homer to beat the Red Sox. Yankee Stadium. 2: This constitutional amendment to ban discrimination based on sex is first proposed in Congress. the ERA. 3: At a conference of 20 nations in Vienna, this global law enforcement body is founded. INTERPOL. 4: Peering back millennia, this archaeologist opens King Tut's burial chamber in the Valley of the Kings. Howard Carter. 5: This Russian immigrant files a patent for the iconoscope, the first television transmission tube. Vladimir Zworykin. Round 4. Category: Girls With Guitars 1: In 1995 she won Grammys for Best New Artist, Pop Vocal, Female and Record of the Year for "All I Wanna Do". Sheryl Crow. 2: This writer of "Both Sides Now" taught herself to play guitar from an instruction book. Joni Mitchell. 3: She got her start performing with her parents in Alaskan Eskimo villages. Jewel. 4: In 2002 she teamed up with Santana, singing lead on "The Game Of Love". Michelle Branch. 5: (I'm Wynonna.) One of my favorite songs is "I Can't Make You Love Me" by this sassy singer-guitar player. Bonnie Raitt. Round 5. Category: Wanna Bet? 1: In Texas hold 'em, if the flop doesn't fit your hand, the experts say do this. fold. 2: If the bettor buys insurance after the dealer shows an ace, he's playing this game. blackjack. 3: In the '50s, Edward Thorp fed millions of hands of this game into a computer which figured out how to win at it. blackjack. 4: In 2016 a few happy bettors cashed in 5,000-1 tickets after Leicester City won the title in England's top league in this sport. soccer. 5: In this game a don't pass bet is a wager against the shooter. craps. Thanks for listening! Come back tomorrow for more exciting trivia!Special thanks to https://blog.feedspot.com/trivia_podcasts/ AI Voices used
Sebuah judul untuk dibaca : https://www.chicagobooth.edu/review/can-market-add-and-subtract all socmed : https://linktr.ee/bayutabusalla
About EliasElias is the founder of WAGMI Solution a Web3, Social Media, and Marketing Solutions Agency focused on the NEAR Ecosystem. He is also involved with a range of amazing projects including: Evoltn, The voice of the underground's rising electronic artists; NEAR NFT DAO: Focused on building a sustainable model that supports the NEAR NFT ecosystem for years to come; Korosenai Ninjas the first successful Derug on NEAR TENK: NFT Core Infrastructure Resources & Mentions RealMattMoney: https://linktr.ee/MattMoney Tim Ferriss Podcast w Edward Thorp: https://tim.blog/2022/05/28/ed-thorp-transcript/
ỨNG DỤNG CÔNG THỨC VẬN MAY, CÔNG THỨC KELLY ĐỂ NÂNG CAO TỈ LỆ THẮNG CƯỢC TRONG THỊ TRƯỜNG KHÓ KHĂN Trở thành thần tượng của “dân” cá cược sau khi xuất bản cuốn sách Beat the Dealer (Đánh bại nhà cái) vào năm 1966, Edward Thorp tiếp tục dấn thân vào “sòng bạc lớn nhất thế giới” với thành tích vô tiền khoáng hậu trên phố Wall - đạt lãi kép 18%/năm trong 18 năm, biến 1,4 triệu đô la ban đầu thành 273 triệu đô la. Bạn có tò mò về phương thức đầu tư của ông? Đón xem nhé! ⭕ Tìm đọc Người đàn ông đánh bại mọi thị trường tại đây: http://bit.ly/tiki-nguoi-dan-ong-danh-bai-moi-thi-truong __ ⚡ Tìm đọc các quyển sách về đầu tư: Tìm đọc các quyển sách về đầu tư: * Wyckoff: https://bit.ly/phuong-phap-vsa-chinh-goc-cua-wyckoff-happy-live * Điều quan trọng nhất: https://bit.ly/dieu-quan-trong-nhat-tiki-happy-live * Lạc Quan Tếu - Irrational Exeburance: https://bit.ly/lac-quan-teu-tiki-happy-live * Cách kiếm lợi nhuận 18.000% từ thị trường chứng khoán: https://bit.ly/cach-kiem-loi-nhuan-18000-tu-thi-truong-chung-khoan-tiki-happy-live * Làm Giàu Từ Chứng Khoán CANSLIM: http://bit.ly/bo-sach-lam-giau-tu-chung-khoan-duong-dan-thuc-hanh-canslim-tiki * Tuyệt kỹ Giao dịch bằng đồ thị nến Nhật: https://bit.ly/nen-nhat-tiki * Hệ thống giao dịch Ichimoku Charts: https://bit.ly/he-thong-giao-dich-ichimoku-charts-tiki-happy-live * Payback Time - Ngày Đòi Nợ: http://bit.ly/ngay-doi-no-tiki * Damn right! – Vén màn bí ẩn về tỷ phú Charlie Munger: https://bit.ly/damn-right-tiki-happy-live ** Bộ sách Trí tuệ tỷ đô của các bậc thầy đầu tư: https://bit.ly/bo-sach-tri-tue-ti-do-tiki-happy-live **Tủ Sách Tinh Hoa Chứng Khoán Toàn Tập 2021: https://bit.ly/tu-sach-tinh-hoa-chung-khoan-toan-tap-2021-tiki ---------------------------------------------------------------------------------------------------------------------
Fitbit was founded in 2007, originally as Healthy Metrics Research, Inc, by James Park and Eric Friedman. They had a goal to bring fitness trackers to market. They didn't invent the pedometer and in fact wanted to go far further. That prize goes to Abraham-Louis Perrelet of Switzerland in 1780 or possibly back to da Vinci. And there are stories of calculating the distance armies moved using various mechanisms that used automations based on steps or the spinning of wagon wheels. The era of wearables arguably began in 1953 when the transistor radio showed up and Akio Morita and Masaru Ibuka started Sony. People started to get accustomed to carrying around technology. 1961 and Claude Shannon and Edward Thorp build a small computer to time when balls would land in roulette. Which they put in a shoe. Meanwhile sensors that could detect motion and the other chips to essentially create a small computer in a watch-sized package were coming down in price. Apple had already released the Nike+iPod Sports Kit the year before, with a little sensor that went in my running shoes. And Fitbit capitalized on an exploding market for tracking fitness. Apple effectively proved the concept was ready for higher end customers. But remember that while the iPod was incredibly popular at the time, what about everyone else? Park and Friedman raised $400,000 on the idea in a pre-seed round and built a prototype. No, it wasn't actually a wearable, it was a bunch of sensors in a wooden box. That enabled them to shop around for more investors to actually finish a marketable device. By 2008 they were ready to take the idea to TechCrunch 50 and Tim O'Reilly and other panelists from TechCrunch loved it. And they picked up a whopping 2,000 pre-release orders. Only problem is they weren't exactly ready to take that kind of volume. So they toured suppliers around Asia for months and worked overtime in hotel rooms fixing design and architecture issues. And in 2009 they were finally ready and took 25,000 orders, shipping about one fifth of them. That device was called the Fitbit Tracker and took on a goal of 10,000 steps that became a popular goal in Japan in the 1960s. It's a little money-clip sized device with just one button that shows the status towards that 10,000 step goal. And once synchronized we could not only see tons of information about how many calories we burned and other statistics but we could also see Those first orders were sold directly through the web site. The next batch would be much different, going through Best Buy. The margins selling directly were much better and so they needed to tune those production lines. They went to four stores, then ten times that, then 15 times that. They announced the Fitbit Ultra in 2011. Here we got a screen that showed a clock but also came with a stopwatch. That would evolve into the Fitbit One in 2012. Bluetooth now allowed us to sync with our phones. That original device would over time evolve to the Zip and then the Inspire Clip. They grew fast in those first few years and enjoyed a large swathe of the market initially, but any time one vendor proves a market others are quick to fast-follow. The Nike Fuelband came along in 2012. There were also dozens of cheap $15 knock-offs in stores like Fry's. But those didn't have nearly as awesome an experience. A simple experience was the Fitbit Flex, released in 2013. The Fitbit could now be worn on the wrist. It looked more like the original tracker but a little smaller so it could slide in and out of a wristband. It could vibrate so could wake us up and remind us to get up and move. And the Fitbit Force came out that year, which could scroll through information on the screen, like our current step count. But that got some bad press for the nickel used on the device so the Charge came out the next year, doing much of the same stuff. And here we see the price slowly going up from below a hundred dollars to $130 as new models with better accelerometers came along. In 2014 they released a mobile app for all the major mobile platforms that allowed us to track devices through Bluetooth and opened up a ton of options to show other people our information. Chuck Schumer was concerned about privacy but the options for fitness tracking were about to explode in the other direction, becoming even less private. That's the same year the LG G Watch came out, sporting a Qualcomm Snapdragon chip. The ocean was getting redder and devices were becoming more like miniature computers that happened to do tracking as well. After Android Wear was released in 2014, now called Wear OS, the ocean was bound to get much, much redder. And yet, they continued to grow and thrive. They did an IPO, or Initial Public Offering, in 2015 on the back of selling over 21 million devices. They were ready to reach a larger market. Devices were now in stores like Walmart and Target, and they had badges. It was an era of gamification and they were one of the best in the market at that. Walk enough steps to have circumnavigated the sun? There's a badge for that. Walk the distance of the Nile? There's a badge for that. Do a round trip to the moon and back? Yup, there's a badge for that as well. And we could add friends in the app. Now we could compete to see who got more steps on the day. And of course some people cheated. Once I was wearing a Fitbit on my wrist I got 60,000 steps one day as I painted the kitchen. So we sometimes didn't even mean to cheat. And an ecosystem had sprung up around Fitbit. Like Fitstar, a personal training coach, which got acquired by Fitbit and rebranded as Fitbit Coach. 2015 was also when the Apple Watch was released. The Apple Watch added many of the same features like badges and similar statistics. By then there were models of the Fitbit that could show who was calling our phone or display a text message we got. And that was certainly part of the Wear OS for of Android. But those other devices were more expensive and Fitbit was still able to own the less expensive part of the market and spend on R&D to still compete at the higher end. They were flush with cash by 2016 so while selling 22 million more devices, they bought Coin and Pebble that year, taking in technology developed through crowdfunding sources and helping mass market it. That's the same year we got the Fitbit Alta, effectively merging the Charge and Alta and we got HR models of some devices, which stands for Heart Rate. Yup, they could now track that too. They bought Vector Watch SRL in 2017, the same year they released the Ionic smartwatch, based somewhat on the technology acquired from Pebble. But the stock took a nosedive, and the market capitalization was cut in half. They added weather to the Ionic and merged that tech with that from the Blaze, released the year before. Here, we see technology changing quickly - Pebble was merged with Blaze but Wear OS from Google and Watch OS from Apple were forcing changes all the faster. The apps on other platforms were a clear gap as were the sensors baked into so many different integrated circuit packages. But Fitbit could still compete. In 2018 they released a cheaper version of the smartwatch called the Versa. They also released an API that allowed for a considerable amount of third party development, as well as Fitbit OS 3. They also bought Twine Health in 2018 Partnered with Adidas in 2018 for the ionic. Partnered with Blue Cross Blue Shield to reduce insurance rates 2018 released the Charge 3 with oxygen saturation sensors and a 40% larger screen than the Charge 2. From there the products got even more difficult to keep track of, as they poked at every different corner of the market. The Inspire, Inspire HR, Versa 2, Versa Lite, Charge 4, Versa 3, Sense, Inspire 2, Luxe. I wasn't sure if they were going to figure out the killer device or not when Fitbit was acquired by Google in 2021. And that's where their story ends and the story of the ubiquitous ecosystem of Google begins. Maybe they continue with their own kernels or maybe they're moving all of their devices to WearOS. Maybe Google figures out how to pull together all of their home automation and personal tracking devices into one compelling offer. Now they get to compete with Amazon who now has the Halo to help attack the bottom of the market. Or maybe Google leaves the Fitbit team alone to do what they do. Fitbit has sold over 100 million devices and sports well over 25 million active users. The Apple Watch surpassed that number and blew right past it. WearOS lives in a much more distributed environment where companies like Asus, Samsung, and LG sell products but it appears to have a similar installation base. And it's a market still growing and likely looking for a leader, as it's easy to imagine a day when most people have a smart watch. But the world has certainly changed since Mark Weiser was the Chief Technologist at the famed Xerox Palo Alto Research Center, or Xerox Parc in 1988 when he coined the term "ubiquitous computing.” Technology hadn't entered every aspect of our lives at the time like it has now. The team at Fitbit didn't invent wearables. George Atwood invented them in 1783. That was mostly pulleys and mechanics. Per V. Brüel first commercialized the piezoelectric accelerometer in 1943. It certainly took a long time to get packaged into an integrated circuit and from there it took plenty of time to end up on my belt loop. But from there it took less than a few years to go on my wrist and then once there were apps for all the things true innovation came way faster. Because it turns out that once we open up a bunch of APIs, we have no idea the amazing things people use with what then go from devices to platforms. But none of that would have happened had Fitbit not helped prove the market was ready for Weiser's ubiquitous computing. And now we get to wrestle with the fallout while innovation is moving even faster. Because telemetry is the opposite of privacy. And if we forget to protect just one of those API endpoints, like not implementing rate throttling or messing up the permissions, or leaving a micro-service open to all the things, we can certainly end up telling the world all about things. Because the world is watching, whether we think we're important enough to watch or not.
What I learned from reading A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Edward Thorp. Sign up to listen to the rest of this episode and get lifetime access to every full episode. You will: Immediately unlock 221 full length episodes that are available no where else.Get access to every future episode for free.Learn from history's greatest entrepreneurs and apply their ideas to your work.Tap this link on a mobile device so you can install your private podcast feed into your favorite podcast player. It takes less than 30 seconds to set up. WHAT OTHER PEOPLE ARE SAYING:“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey.“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Founders is the only podcast I pay for and it's worth 100x the cost.”“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."GET LIFETIME ACCESS TO FOUNDERS
Um Café com Canellas bastante tecnológico. Victor Dweck veio nos contar sobre a estratégia da Quantamental, gestora que ele conduz dentro da Itaú Asset. Conhecemos a equipe de mais de 10 robôs responsáveis pela estratégia quanti da gestão, que é realizada em parceria com uma equipe humana. Joel, Ray, Eddie, Leda são alguns dos robôs do time. Além disso falamos dos fundos Quantamental Hedge e Quantamental Gems. A dica para o fim de semana tem tudo a ver com o nosso tema. É uma autobiografia de Edward Thorp, “Um homem para qualquer mercado”. Vem que o papo de hoje está muito interessante e cheio de conhecimento. Link que comentamos: https://www.itauassetmanagement.com.br/pf/multimercado/quantamental-hedge Para acessar o Telegram: http://t.me/itauinvestimentos Essa é uma comunicação geral sobre investimentos. Antes de contratar qualquer produto, confira sempre se é adequado ao seu perfil.
Jack Schwager on the worlds greatest unknown traders.An interview with Jack Schwager, the author of The Market Wizards series of books, on his new book, Unknown Market Wizards. Jack has been involved in financial markets for over 45 years, he worked as a market analyst, a trader, managed institutional portfolios of managed accounts, and has written extensively on the futures industry. He is most famous for his Market Wizards series of books, interviews with great traders in all financial markets. He has just released the newest installment of that series Unknown Market Wizards, which I reviewed in my Top Ten Books for Traders list earlier this week. Schwager has interviewed Bruce Kovner, David Shaw, Paul Tudor Jones, Ed Seykota, Michael Steinhardt, William O'Neill, William Eckhardt, Monroe Trout, Stanley Druckenmiller, Mark Ritchie, Blair Hull, Larry Hite, Jim Rogers, Edward Thorp, Richard Dennis, and many more of the worlds most famous and highest returning traders.Patrick Boyle asks Jack about the characteristics these great traders have in common, what it takes to be a great trader, and what kind of returns do market wizards make in the long run. They discuss the efficient markets hypothesis, risk management, and how markets change over time.Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceUnknown Market Wizards by Jack Schwager: https://amzn.to/3om6SHJJack Schwager Author Page on Amazon: https://amzn.to/3mBTq1LJack's Website: https://jackschwager.com/Patrick's Books:Statistics for the Trading Floor: https://amzn.to/3eerLA0Derivatives for the Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleFind Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinanceSupport the show (https://www.patreon.com/PatrickBoyleOnFinance)
Legendary Author, Mr. Jack Schwager, of the Market Wizards Series joined CEO Paul Gray of IronHold Capital to discuss his latest edition titled 'Unknown Market Wizards'. Jack's latest masterpiece chronicles the stories and profiles of some of the greatest traders in the world who trade on the behalf of their own accounts. These traders typically fly below the radar and operate outside the public scope as the title of the book suggests. Among his many accolades, Jack is best known for his profile interviews with some of the greatest hedge fund managers of the last three decades as depicted in his Market Wizard Series. These managers have included the likes of Ray Dalio, Paul Tudor Jones, Stanley Druckenmiller and Edward Thorp just to name a few. Jack's Best Sellers have included the following: Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). Jack is also the proud Founder of FundSeeder which connects some of the most talented individual traders in the world with seed capital. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street's leading firms, most recently Prudential Securities. Full Video: https://www.ironholdcapital.com/libi Linkedin: https://www.linkedin.com/in/pauljohngray/ Newsletter: http://eepurl.com/hbYkxf
Mark Weiser was the Chief Technologiest at the famed Xerox Palo Alto Research Center, or Xerox Parc in 1988 when he coined the term "ubiquitous computing.” Technology hadn't entered every aspect of our lives at the time like it has now. The concept of wearable technology probably kicks off way earlier than you might think. Humans have long sought to augment ourselves with technology. This includes eyeglasses, which came along in 1286 and wearable clocks, an era kicked off with the Nuremberg eggs in 1510. The technology got smaller and more precise as our capacity at precision grew. Not all wearable technology is meant to be worn by humans. We strapped cameras to pigeons in 1907. in the 15th century, Leonardo da Vinci would draw up plans for a pedometer and that concept would go on the shelf until Thomas Jefferson picked it back up during his tinkering days. And we would get an abacus ring in 1600. But computers began by needing a lot of electricity to light up those vacuum tubes to replace operations from an abacus, and so when the transistor came along in the 40s, we'd soon start looking for ways to augment our capabilities with those. Akio Morita and Masaru Ibuka began the wearable technology craze in 1953 when they started developing what would become the TR-55 when it was released in 1955. It was the first transistor radio and when they changed their name to Sony, they would introduce the first of their disruptive technologies. We don't think of radios as technology as much as we once did, but they were certainly an integral part of getting the world ready to accept other technological advances to come! Manfred Clynes came up with cyborgs in his story story called Cyborgs in Space in 1960. The next year, Edward Thorp and mathematician and binary algebra guru Claude Shannon wanted to try their hands at cheating at roulette so built a small computer to that timed when balls would land. It went in a shoe. created their own version of wearable technology – a computer small enough to fit into a shoe. This would stay a secret until Thorp released his book “Beat the Dealer” telling readers they got a 44 percent improvement in making bets. By 1969 though Seiko gave us the first automatic quartz watch. Other technologies were coming along at about the same time that would later revolutionize portable computing once they had time to percolate for awhile. Like in the 1960s, liquid crystal displayers were being researched at RCA. The technology goes back further but George H. Heilmeier from RCA laboratories gets credit for In 1964 for operationalizing LCD. And Hatano developed a mechanical pedometer to track progress to 10,000 steps a day, which by 1985 had him defining that as the number of steps a person should reach in a day. But back to electronics. Moore's law. The digital camera traces its roots to 1975, but Kodak didn't really pursue it. 1975 and devices were getting smaller and smaller. Another device we don't think of as a computer all that much any more is a calculator. But kits were being sold by then and suddenly components had gotten small enough that you could get a calculator in your watch, initially introduced by Pulsar. And those radios were cool but what if you wanted to listen to what you wanted rather than the radio? Sony would again come along with another hit: The Walkman in 1979, selling over 200 million over the ensuing decade. Akio Morita was a genius, also bringing us digital hearing aids and putting wearables into healthcare. Can you imagine the healthcare industry without wearable technology today? You could do more and more and by 1981, Seiko would release the UC 2000 Wrist PC. By then portable computers were a thing. But not wearables. You could put 2 whopping kilobytes of data on your wrist and use a keyboard that got strapped to an arm. Computer watches continued to improve any by 1984 you could play. Games on them, like on the Nelsonic Space Attacker Watch. Flash memory arguably came along in 1984 and would iterate and get better, providing many, many more uses for tiny devices and flash media cards by 1997. But those calculator watches, Marty McFly would sport one in 1985s Back To The Future and by the time I was in high school they were so cheap you could get them for $10 at the local drug store. And a few years later, Nintendo would release the Power Glove in 1989, sparking the imagination of many a nerdy kid who would later build actually functional technology. Which regrettably the Power Glove was not. The first portable MP3 player came along in 1998. It was the MPMan. Prototypes had come along in 1979 with the IXI digital audio player. The audible player, Diamond Rio, and Personal Jukebox came along in 1998 and on the heels of their success the NOMAX Jukebox came in y2k. But the Apple iPod exploded onto the scene in 2001 and suddenly the Walkman and Diskman were dead and the era of having a library of music on mainstream humans was upon us, sparking Microsoft to release the Zen in 2004, and the Zune in 2006. And those watches. Garmin brought us their first portable GPS in 1990, which continues to be one of the best such devices on the market. The webcam would come along in 1994 when Canadian researcher Steve Mann built the first the wearable wireless webcam. That was the spark that led to the era of the Internet of Things. Suddenly we weren't just wearing computers. We were wearing computers connected to the inter webs. All of these technologies brought to us over the years… They were converging. Bluetooth was invented in 2000. By. 2006, it was time for the iPod and fitness tracking to converge. Nike+iPod was announced and Nike would release a small transmitter that. Fit into a notch in certain shoes. I've always been a runner and jumped on that immediately! You needed a receiver at the time for an iPod Nano. Sign me up, said my 2006 self! I hadn't been into the cost of the Garmin but soon I was tracking everything. Later I'd get an iPhone and just have it connect. But it was always a little wonky. Then came The Nike+ Fuelband in 2012. I immediately jumped on that bandwagon as well. You. Had to plug it in at first but eventually a model came out that sync'd over bluetooth and life got better. I would sport that thing until it got killed off in 2014 and a little beyond… Turns out Nike knew about Apple coming into their market and between Apple, Fitbit, and Android Wear, they just didn't want to compete in a blue ocean, no matter how big the ocean would be. Speaking of Fitbit, they were founded in 2007 James Park and Eric Friedman with a goal of bringing fitness trackers to market. And they capitalized on an exploding market for tracking fitness. But it wasn't until the era of the app that they achieved massive success and in 2014 they released apps for iOS, Android and Windows Mobile, which was still a thing. And the watch and mobile device came together in 2017 when they released their smartwatch. They are now the 5th largest wearables company. Android Wear had been announced at Google I/O in 2014. Now called Wear OS, it's a fork of Android Lollipop, that pairs with Android devices and integrates with the Google Assistant. It can connect over Bluetooth, Wi-Fi, and LTE and powers the Moto 360, the LG G and Samsung Gear. And there are a dozen other manufacturers that leverage the OS in some way, now with over 50 million installations of the apps. It can use Hangouts, and leverages voice to do everything from checking into Foursquare to dictating notes. But the crown jewel in the smart watches is definitely the Apple Watch. That came out of hiring former Adobe CTO Kevin Lynch to bring a Siri-powered watch to market, which happened in 2015. With over 33 million being sold and as of this recording on the 5th series of the watch, it can now connect over LTE, Wifi, or through a phone using Bluetooth. There are apps, complications, and a lot of sensors on these things, giving them almost limitless uses. Those glasses from 1286. Well, they got a boost in 2013 when Google put images on them. Long a desire from science fiction, Google Glass brought us into the era of a heads up display. But Sega had introduced their virtual reality headset in 1991 and the technology actually dates back to the 70s from JPL and MIT. Nintendo experimented with Virtual boy in 1994. Apple released QuickTime VR shortly thereafter, but it wasn't that great. I even remember some VGA “VR” headsets in the early 2000s, but they weren't that great. It wasn't until the Oculus Rift came along in 2012 that VR seemed all that ready. These days, that's become the gold standard in VR headsets. The sign to the market was when Facebook bought Oculus for $2.3 billion dollars in 2014 and the market has steadily grown ever since. Given all of these things that came along in 2014, I guess it did deserve the moniker “The Year of Wearable Technology.” And with a few years to mature, now you can get wearable sensors that are built into yoga pants, like the Nadi X Yoga Pants, smartwatches ranging from just a few dollars to hundreds or thousands from a variety of vendors, sleep trackers, posture trackers, sensors in everything bringing a convergence between the automated home and wearables in the internet of things. Wearable cameras like the Go Pro, smart glasses from dozens of vendors, VR headsets from dozens of vendors, smart gloves, wearable onesies, sports clothing to help measure and improve performance, smart shoes, smart gloves, and even an Alexa enabled ring. Apple waited pretty late to come out with bluetooth headphones, releasing AirPods in 2016. These bring sensors into the ear, the main reason I think of them as wearables where I didn't think of a lot of devices that came before them in that way. Now on their second generation, they are some of the best headphones you can buy. And the market seems poised to just keep growing. Especially as we get more and more sensors and more and more transistors packed into the tiniest of spaces. It truly is ubiquitous computing.
Is now the time to invest? That's the question that I asked Matthew Peterson. The Covid-19 pandemic is raging. Countries are locked down, shelter-in-place orders have been issued, and market prices have collapsed with unprecedented volatility. Guy poses on the record questions and Matthew shares a rare message with all investors not to miss this opportunity.Matthew Peterson is the managing partner of Peterson Capital Management, a concentrated, long term, public equity fund. Full transcript available here: https://aqfd.docsend.com/view/c7i6zkyp6uhk7wu3Executives Referenced:Charlie Munger https://en.wikipedia.org/wiki/Charlie_MungerJohn Malone https://en.wikipedia.org/wiki/John_C._MalonePeter Kaufman http://latticeworkinvesting.com/2018/04/06/peter-kaufman-on-the-multidisciplinary-approach-to-thinking/Guy Spier https://en.wikipedia.org/wiki/Guy_Spier Businesses Discussed:Daily Journal https://journaltech.com/Berkshire Hathaway https://berkshirehathaway.com/Glenair https://www.glenair.com/ Books Recommended:Commons Stocks and Uncommon Profits by Philip Fisher https://www.amazon.com/Uncommon-Profits-Writings-Investment-Classics-ebook/dp/B00XCC5Y0OA Man for All Markets by Edward Thorp https://www.amazon.com/Man-All-Markets-Street-Dealer/ Whitepaper:With Whom I would Invest by Guy Spier https://aqfd.docsend.com/view/8ambrx27xjnmtp43 Content0:56 - A Message for Investors2:38 - Regret Minimization4:46 - With Whom I Would Invest5:29 - Admirable Business Managers10:22 - Recommended Books11:40 - Getting Connected12:12 - Final Words
Our guests this week are Max Rubin, Arnold Snyder, and Anthony Curtis on to talk about this year's Blackjack Ball.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.podcastClick to listen - Alt click to downloadShow Notes[00:00] Introduction of Blackjack Ball guests, Max Rubin, Anthony Curtis, and Arnold Snyder[00:59] Max's hosting of the Blackjack Ball [02:11] Anthony's induction into the Blackjack Hall of Fame [03:58] Arnold's win and discussion of the skills contest [08:23] Richard's role in Blackjack Ball prep [09:14] Edward Thorp's gambling library [12:15] Champagne prize for the winner of the Grosjean Cup [15:57] Thumb drive prize for the winner of Grosjean Cup [19:35] Hall of Fame voting [24:14] Favorites from 21 Questions [35:07] South Point Casino March Promotions - Free Play with a Kicker. free video poker classes [36:13] VideoPoker.com/gwae - Gold Membership offers correction on most games [37:29] The Grosjean Cup finalists [42:14] Cutting a card [45:13] Counting down a double deck [50:40] Recommended - RxGamble's blog, Storycore.orgSponsorsSouthPointCasino.comBobDancer.com/seminarsBlackjackApprenticeship.comPredictit.org/promo/edgeRecommended:RxGamble.comTwitter.com/rxgambleStorycorps.org
Você já ouviu falar sobre Ray Dalio, Warren Buffett e George Soros, mas dificilmente ouviu falar de Edward Thorp. Esse matemático inventou a contagem de cartas, provando o que parecia impossível: derrotar a banca na mesa de Vinte e Um (Blackjack). Com isso, começou uma nova fase nos jogos de azar. O sucesso desse cálculo matemático causou tanto alvoroço que os cassinos tiveram que mudar as regras do jogo para fugir do método de Thorp. Depois disso, ele começou a implantar fórmulas para vencer o mercado de ações, instaurando a era das finanças quantitativas que conhecemos hoje. Em Um Homem para Qualquer Mercado, o matemático conta a história de como ele elabora seus métodos, fala o que o motivou e como chegou em soluções para problemas aparentemente impossíveis, revolucionando o conhecimento tradicional. Nessa narrativa, aprendemos lições sobre o funcionamento dos mercados e a lógica dos investimentos. * Se inscreva no Canal da Empiricus e acompanhe o nosso conteúdo independente. Instagram: http://instagram.com/empiricus Instagram Empiricus Books: https://www.instagram.com/empiricusbo... Facebook: http://www.facebook.com/empiricus Twitter: http://twitter.com/empiricus
Dr. William Ziemba’s an academic, a practitioner, gambler, trader and an author. He’s worked with and consulted to many well-respected names in the field, such as; Edward Thorp, Blair Hull and the very successful horse bettor, Bill Benter. In the beginning, horse betting was William’s field of expertise (he even published a book titled, Beat The Racetrack!) And in many ways, for William, horse betting worked as a gateway to trading financial markets—which he’s been doing since 1983. Now in current times, William manages a fund; Alpha Z Advisors—which started trading in July 2013 and as of May 2017, has returned 527%. Much of William's trading revolves around calendar anomalies, arbitrage strategies and behavioral biases. We spend a good amount of time discussing these few things, plus William shares one anomaly he's been trading for many years. In the later part of this episode, we also talk about position sizing, the Kelly Criterion and finally, horse racing.
In this episode, Preston and Stig read a book that was recommended to them by legendary investor Edward Thorp. The book is titled, "Superforecasting" by Philip Tetlock and Dan Gardner.Click here to get full access to our show notes.In this episode, you'll learn:The right framework for making correct forecastsHow to prevent confirmation bias for your investmentsWhy financial experts are storytellers rather than forecastersHow and why the best investors constantly change their opinion
Victor Haghani began his career at Salomon Brothers in 1984, starting out in a research role before joining their prop trading desk. In 1992, Victor left Salomon to become one of the founding partners of Long Term Capital Management… LTCM was an incredibly successful hedge fund, up until 1998, when it failed in a spectacular fashion. Causing the Federal Reserve to step in and organize a bailout, in order to prevent the possibility of a collapse in the global financial system. Victor took a ten year sabbatical after the dust settled, and in 2010 he founded an active index investing fund, Elm Partners. For this episode, much of our discussion is in reference to an experiment Victor carried out (with some involvement from Edward Thorp), on the patterns of how 61 participants would bet on a biased coin. -- Sponsored by TradeStation: Very few online brokers offer the services, the tools and the technology (all-in-one!) – for active traders – like TradeStation do. Learn more and get started here.
In this episode, Preston and Stig talk to renown author, mathematician, and investor, Dr. Edward Thorp. Thorp's personal net worth is $800M, and he has achieved a 20% annual return for 30 years in the stock market. Before becoming one of the best hedge fund managers on the planet, Dr. Thorp literally wrote the book on card-counting for blackjack. The name of the book was, Beat the Dealer, and the techniques taught in the book went on the create an entire culture around card counting in Casinos. You won't want to miss this conversation as the hosts uncover some fascinating ideas from one of the smartest mathematical minds on the planet.Click here to get full access to our show notes.
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.
I’m not sure how to best say this, but Edward Thorp, is kind of a big deal… Not only in the world of financial markets, but he’s also a household name amongst the gambling scene. He’s the man who beat the dealer, and later, beat the market. It was during the late-50’s and early-60’s, when Ed, a math genius and professor at MIT, took on the challenge of discovering a way to get an edge playing gambling games such as blackjack, roulette and baccarat. Long story short; Ed won—and he’s now considered the father of card counting. From there, the next obvious move for Ed was to take on financial markets—which he also did with a great degree of success. His first hedge fund, Princeton Newport Partners, achieved an annualized return of 19.1% (before fees) over a 19-year period, with 227 of 230 months being profitable—the worst monthly loss being less than 1%. Ed’s most recent book, A Man For All Markets, is now available on Amazon. -- Sponsored by TradeStation.com – The online broker for professional market monitoring tools, an award-winning platform and low trading costs.
Hello, welcome to episode 28 of The Bitcoin Game. I'm Rob Mitchell. When I scheduled an interview with CoinCube CEO Robert Allen, I felt pretty skeptical. My gut told me a cloud-based Bitcoin-trading-bot would be something like a cloud-mining Ponzi-scheme on steroids. I wondered, would this interview be my first exposé? Would my "gotcha" questions be too difficult for Robert to field? Listen to find out! 7/19/16 UPDATE: For the sake of being informative, the gains in my CoinCube-traded account to date are about 50% of the gains had I simply bought and hold Bitcoin in this account. CoinCube's Wave algorithm attempts to avoid bear markets by selling BTC, but my sense is it frequently misses price spikes this way. So, this first experimentation with a Bitcoin trading bot has been a disappontment so far. Of course, past performance is never a guarantee of future results (or everyone would be rich). MAGIC WORD Stay tuned for the magic word in this episode, and submit it to your LTB Network account to claim a share of this week's distribution of LTBCoin. Listeners have one week from the release date to claim the magic word credit. The magic word for this episode must be submitted by 3:00 p.m. Pacific time on October 29, 2015. SPONSOR While much of Bitcoiners' time is spent in the world of digital assets, sometimes it's nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two (at Starbucks), you can own your own Classic Bitcoin Keychain or the new Bitcoin Fork Pen. http://bkeychain.com http://bitcoinforks.com SHOW LINKS CoinCube http://coincube.io CoinCube Performance History Chart https://coincube.io/performance Gold Rehypothecation (article) http://www.zerohedge.com/news/2015-04-24/rehypothecation-gold-and-why-it-matters Naked Shorting (Naked Short Selling) https://en.wikipedia.org/wiki/Naked_short_selling Trend Following https://en.wikipedia.org/wiki/Trend_following Moving Average https://en.wikipedia.org/wiki/Moving_average Whipsaw Effect http://www.investopedia.com/terms/w/whipsaw.asp Efficient-Market Hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis Edward Thorp https://en.wikipedia.org/wiki/Edward_O._Thorp Market Maker https://en.wikipedia.org/wiki/Market_maker Fooled By Randomness, by Nassim Nicholas Taleb http://amzn.to/1Mc9suV Monte Carlo Simulator https://en.wikipedia.org/wiki/Monte_Carlo_method MUSIC All the music in this episode of The Bitcoin Game was created by me! If you're curious, the music was created in GarageBand (by Apple), Animoog (by Moog Music), and Figure (by Propellerhead). Please contact me if you'd like more info about any music you hear on the podcast. STAY IN TOUCH https://Twitter.com/TheBTCGame http://TheBitcoinGame.com Rob@TheBitcoinGame.com Thanks for listening! Bitcoin tip address: 1G8HDg5EsPQpamKYS2bDya9Riv9xv1nVo5 The Bitcoin Game box art was created from an illustration by Rock Barcellos.
In this episode of The Investor's Podcast, we discuss the book Hedge Fund Wizards by Jack Schwagger. In the episode, we focus on the ideas of Ray Dalio, Edward Thorp, and Joel Greenblatt in order to discuss the approaches we liked the best. Click here to get full access to our show notes.