“The blackjack tables are an amazingly good training ground for learning how to invest. Gambling can teach you more about the stock market than the other way around.”
Why Ed is the canonical The Arbitrageur
Mathematician who first beat the casino at blackjack (card counting) and then beat Wall Street, pioneering quantitative hedge-fund arbitrage and convertible-bond strategies. Thorp mathematized the idea of finding and exploiting a durable statistical edge, making him a founding father of the modern arbitrageur.
The The Arbitrageur optimizes price differentials and cost structures between markets. See the role on the 23-role map →
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