Fireside Chat with Jeff Pintar on Mohnish Pabrai's lifetime Blackjack ban at a Vegas Casino on May 21, 2020
Chai with Pabrai
The Evolution of Blackjack in Vegas
Blackjack has always been a game of cat and mouse people figure out how to beat the casino then the casinos change the rules. I would have zero interest in playing any game which involves betting where I don't have the odds to win. So investing is the same way and actually Blackjack is terrible compared to investing because I'm fighting to get a 50.1% org versus 49.9. In the equity markets I can make bets whether the odds are 80% of my favor which I can never do in Vegas.
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