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Podcast: Chat With Traders
Episode: Edward Thorp – The Man Who Beat the Dealer, and Later, Beat the Market
Description: 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 consi...