My First Million cover image

My First Million

Business Tricks We've Learned From Gamblers, Pickup Artists, & Feynman

Jun 28, 2024
Dive into the world of high-stakes strategy with a journey through gambling and entrepreneurship. Discover how Ed Thorp revolutionized card counting and laid the groundwork for the first hedge fund. Explore unconventional insights from self-improvement literature and the intriguing lessons from playing 'the game' of business. Learn to harness a winning mindset, break limiting beliefs, and embrace belief as a catalyst for success. Plus, enjoy a humorous tale of betting on bad odds that leads to unexpected lessons.
01:02:13

Podcast summary created with Snipd AI

Quick takeaways

  • Applying mathematical strategies from gambling can enhance business success.
  • Emulating successful actions of others can boost individual achievements.

Deep dives

Ed Thorpe: From Math Prodigy to Pioneer in Probability and Statistics

Ed Thorpe, a math prodigy since childhood, defied financial limitations to pursue higher education. Transitioning from academia to practical applications, he applied his theories in beating the odds in Blackjack, demonstrating that with card counting, players could gain an edge over the house. Thorpe's experiments led to successful gambling ventures, ultimately publishing a groundbreaking book on Blackjack strategies that garnered widespread attention.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode