Edward Oath Thorpe, Las Vegas, The House discussed on Masters in Business


I have an extra special guest this week and i am privileged to be sitting in his offices in glorious and quote beach california edward oath thorpe is a legend in finance he is an american mathematics professor author hedge fund manager sure he is the person who essentially figured out how to beat las vegas i credit him with more lesson venting card counting of venture leave peak is banned him from a ton of a ton of casinos because he was beating the house and his his first the first book was b2 dealer and after he did that he figured out ways of beating back a route and came up with a wearable computer and figured out after be rolette roulette and by that point las vegas and reno wanted nothing to do with him and he took turned his attention since towards the next challenge similar to gambling and it turned out that was investing in finance and wall street and the book after that became beat the market 'cause edward figured out how to do things in a way that created substantial substantial turns i could talk about his curriculum vitae forever let me just add phd in mathematics taught at mit and new mexico and university california irvine thorpe welcome to bloomberg and thank you for hosting us in your office expert support mw on thrilled to be here i'm going to start with some quote of yours and just have you respond them and some of these are from beat the dealer chan's can be thought of as the kharj you're yeltsin life choices how you play them that's a pretty deep philosophical perspective tell us how you came to that role if you look back at your own life you probably have a number of circumstances were you could make an important choice one way or another and the way you made their choice that a bigger the woman you're married if if he refected get mary of the children that you brought up and how.

Coming up next