DR Ed Thorpe - Quant, Gambler, Fund manager.

Discussion in 'Share Investing Strategies, Theories & Education' started by ollidrac nosaj, 7th Mar, 2017.

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  1. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    Hi guys, i just watched this interview on this extremely fascinating guy and had to share. For those who dont know Thorp, while at MIT developed a card counting strategy and a betting strategy known as "Kelly criterion" (as featured in the movie 21). Thorp also developed a hidden wearable computer to calculate where the ball would land on a individual spin of the roulette wheel. After successfully applying these strategies in Vegas and the mob making subtle hints that he was no longer welcome;) ,Thorp took his money and strategies and applied them on wall street.


     
    ollidrac nosaj, 7th Mar, 2017
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    Perthguy, Anne11 and paulF like this.
  2. trinity168

    trinity168 Well-Known Member

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    trinity168, 8th Mar, 2017
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    Anne11, paulF, ollidrac nosaj and 1 other person like this.
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