My First Million

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

511 snips
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.
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ANECDOTE

Ed Thorp's Success Story

  • Ed Thorp, a math prodigy, successfully applied probability theory to beat blackjack and roulette.
  • He later pioneered quantitative investing, creating one of the first hedge funds.
ADVICE

Cultivate Curiosity

  • Pursue hobbies and interests for the sake of learning, not just for outcomes.
  • Start small and simple, allowing curiosity to guide exploration and growth.
ANECDOTE

Jack Smith's Curiosity-Driven Pursuits

  • Jack Smith, after selling his company Vungle, pursued diverse interests like designing ergonomic chairs.
  • He prioritized intrinsic motivation, focusing on what genuinely interested him.
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