109: Edward Thorp – The Man Who Beat the Dealer, and Later, Beat the Market
Chat With Traders
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How to Write a Blackjack Idea
When I was at MIT and working on my blackjack ideas, I wanted to publish them quickly. So in order to get quick publication the place to go was the proceedings of the National Academy of Sciences. They took short papers so you couldn't put most of what you knew in the paper but you could at least make an announcement that you'd done something and describe it briefly. And the only one in mathematics at MIT was a fellow named Claude Shannon. He was famous because he invented something called information theory which is the basis of a modern computing, a modern communications. It wouldn't be talking here probably if I hadn't been for him.
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