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Beat the Casino! Podcast

Opener: Molly Ringwald tribute song.

Welcome to the Male Defender MOLON LABE podcast! We have a discussion from Edward Thorp’s A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market.It’s an excellent book! He’s a mathematics genius who’s upbringing and personal history will sound familiar to many a man. I think you’ll enjoy our reading.

Here’s a pretty good synopsis of the book by Amazon:

A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success—and mathematically unassailable method—caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed.

Thereafter, Thorp shifted his sights to “the biggest casino in the world”: Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world’s first wearable computer.

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One Comment

  1. Aratarachif
    Posted November 22, 2017 at 6:50 am | Permalink

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