February 1, 2010
In 1962, Ed Thorp became every gambler's favorite mathematician when he published the first mathematically proven method for beating the dealer at blackjack.
Thorp's work revolutionized the game. But he went further: In 1967, Thorp devised a system that uses math and computers to predict the future of the stock market. His hedge funds and his personal portfolio have been profitable ever since. >>>>>
There's an Excerpt of 'The Quants' at the link above where you can also listen to the discussion later if not with this embedded player above. This was a real good discussion on the, for lack of anything sensable to call it, racket of the Wall Street Casino!
The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
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