In both these settings, we explore the use of the Kelly criterion, which is to maximize the expected value of the logarithm of wealth (“maximize expected logarithmic utility”). “Edward O Thorp is the author of Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and Beat the Market, which showed how warrant option markets could be priced and beaten. Description: “Blackjack: Play Like The Pros” is endorsed by 9-time WSOP winner Phil Hellmuth, Jr. Toe. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully used by professional and amateur card players for two generations. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a bet. Ed Thorp, author of Beat the Dealer and Beat the Market, about winning at blackjack and winning in the stock market, takes a very straightforward approach to writing about his life and it works well. thorp ch 7 portfolio choice and the kelly criterion, pp 81-90 edward. Thorp. Edward Thorp is an American mathematics professor, author, hedge fund manager and blackjack player who has a net worth of $800 million dollars. Optimal growth: Kelly criterion formulas for practitioners 8 3. Alice Walker. His subsequent book, Beat the Market , coauthored with Sheen T. Ed Thorp, often hailed as the father of quantitative investing, is a name synonymous with unparalleled success in both the world of casinos and financial markets. Thorp's work revolutionized the game. Maya Ajmera, President & CEO of Society for Science & the Public and Publisher of Science News, sat down to chat with Dr. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . 5% edge over blackjack players. Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and. com. Edward O. and M. As a partial thank you, Max told Thorp that he could invite his entire family to this year’s Blackjack Ball if he wanted, totally. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . In the late 1950s, 26-year-old Ed Thorp was on his way to “lead the usual low-budget academic life” as a maths professor. Publication date 1966-05-01Over 50 years later, it is still in the top five best-selling books on blackjack listed on Amazon. Famous for playing: Blackjack, baccarat. 240) Written in 1966, this is THE original gambling book. Perhaps nobody is more deserving of this honor than Thorp given that he. bride after returning home from combat. He also was the co-inventor of the. “The first thing people who have control do is tilt the playing field. " Pro- ceed as before—shuffle the deck and remove one card. o. Edward Thorp is a member of the institute and has donated. Edward O. Click here to see the total pay, recent salaries shared and more!View Elizabeth Thorp’s professional profile on LinkedIn. This book stands out among other books of its kind, as it was. He then shared his results with the public by writing books. As a partial thank you, Max told Thorp that he could invite his entire family to this year’s Blackjack Ball if he wanted, totally. Thorp. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. I was intrigued. -P. Watch my interview with Edward O. Thorp was published in the mid-1960s, but it’s surprisingly still applicable to readers today. give the blackjack player an advantage, pro- vided that the cards are well shuf- fled and that the game is honest. Ed Thorp is a mathematician, former professor, hedge fund manager, book writer, and blackjack researcher. The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street. Thorp. Now count the remaining cards as follows: . Edward Thorp didn’t just start playing real money blackjack at a time when the game was vulnerable. 1% returns for nearly twenty years. (Brent Lewin/Bloomberg via Getty Images) Ed Thorp was the first 'quant', the. Thorp rose up from nothing to become a professor at MIT, invented card counting and proceeded to beat the dealers of Las Vegas at blackjack, roulette and baccarat. The game was blackjack. Finally, we discuss its. Petersburg Paradox. thorp ch 8 optimal investment and consumption strategies under risk for a class of utility functions, pp 91-111 nils h. He is the single person. Follow. Thorp successfully tested his strategies in Nevada casinos. Dr. Known for his contributions to the fields of mathematics and finance, Thorp has achieved significant success throughout his career. [1] As part of this work he collaborated with. Aug 1, 2005 9:06pm. The system worked so well that Las Vegas casinos actually changed the rules of blackjack to give the dealer an added advantage. エドワード・オークリー・ソープ（Edward Oakley Thorp、1932年 8月14日 - ）は、アメリカ合衆国の数学者。 エド・ソープとも呼ばれる。彼は、数学理論をブラックジャックなどのカジノゲームに適用したことで有名である。 金融工学者としても知られている。Even if you don’t know the name Ed Thorp, you know his work. In a remarkable career, Edward O. He was a pioneer in modern applications of probability theory, including the harnessing of very. Kassouf, influenced securities markets around the globe. Having overcome the odds in Blackjack, a year later Dr Thorp and Claude Shannon, built the world's first wearable computer to beat Roulette. Thorp. Thorp is a professional blackjack player, mathematics professor and author of Beat the Dealer: A Winning Strategy for the Game of Twenty-One, which was originally published in 1962. Vintage Books, Revised Edition, 1966. The book contained mathematical proof that you could do the seemingly impossible: beat the house at blackjack by counting cards. Blackjack likely originated in 18th-century France, when it was called vingt-et-un which translates to "21. The exhibit highlighted the extraordinarily diverse life and career of Edward O. Prime member exclusive: pick 2 free titles with trial. Edward Oakley Thorp is widely regarded, by professional players as well as the general public, as the Father of Card Counting. In 1962, the young writer Tom Wolfe wrote a sympathetic profile in the Washington Post about a 30-year-old mathematician who had learned how to beat the house in blackjack. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by card counting. Curtain opens on a windowless room full of heavyset men in suits thick with Jersey accents and hair grease standing over a boardroom table, wringing their hands over this changing of the tide. By Jerry Wagner. However, Ed Thorp was the first one to write a book about it including addressing card counting and broke all kinds of new ground in the game. His take was computing the odds and then testing. Edward O. well discuss how you might spot this cheating method. A great place to start if you are new to the game of blackjack!A Man for All Markets is an interesting autobiographical account of the life and work of Ed Thorp, a brilliant, accomplished, but humble man who has lived a long (he is now 85), prosperous and happy life. In 1962, Ed Thorp became every gambler's favorite mathematician when he published the first mathematically proven method for beating the dealer at blackjack. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. He has supplied the first quantitative evi dence that I know of, and it strong- ly supports his estimate of about —30%. Lasky reviewed the game for Computer Gaming World, and stated that "It is singularly one of the best casino game/tutorials available today. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. Thorp & Associates, generated an annualized return of 18. Born August 14, 1932 in. Thorp was honored at the 2017 Blackjack Ball for his contributions to advantage. Indeed, in 1969 Thorp did discuss a similar strategy in his book 'Beat the Dealer,' in the fourth chapter titled "A Winning Strategy. Kassouf, influenced securities markets around the globe. Edward O. For example, the Ed Thorp interview, which is the longest, is almost worthy of a book in itself. Thorp. Ed Thorp was honored at the 2017 Blackjack Ball. Edward O. Many of us dream of that elusive casino win, the in which we beat all the odds and, hopefully, break the bank in the process. Indeed, Ed Thorp himself had developed the original system whilst at MIT, using one of the most powerful computers in the world at that time. by Edward O. Ed Thorp Blackjack. Bill Benter 2016 A former. Lastly, Turning the. When Thorpe played Blackjack, the rules made it almost a dead even game. Practical s crategies for the casino blackjack player were first announced 1961 [Thorp, 1961, These strategies and all subsequent favorable player strategies are based on the. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. He was the author of Beat the Dealer, a book which demonstrated that the mathematical. But in the game as played, successive rounds are dealt from a more and more depleted pack of cards. His subsequent book, Beat the Market, coauthored with Sheen T. Although he doesn’t fit the theme of a sports bettor, it would be rude not to in. Thorp 2002 Author of the 1960s classic Beat the Dealer, which changed the way we think about blackjack. Thorp of GambEing Blackjack With a Tenless Deck wrong standing numbers. Edward Thorp. Thorp brought the phenomenon of card counting to light when his book was released in 1962, selling over 700,000 copies and making it onto the New. (Brent Lewin/Bloomberg via Getty Images) Ed Thorp was the first 'quant', the. Thorp, 2018. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. Freaked-out casino magnates held a secret meeting at the Desert Inn to try figuring out what to do about Thorp and those who had been inspired by him. Thorp proved it could. Before the Ball, co-host Max Rubin sent the following email to the existing members of The Blackjack Hall of Fame. Earlier Strategies After publishing this section, somebody accused me of stealing the idea from Edward Thorp. About Edward O. There is a claim, somewhat commonly made in gambling circles, that Ed Thorp’s “Beat the Dealer” was actually a net positive for casinos. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. How the Kelly criterion strikes a balance between maximizing return when the probabilities lie in the investor's favor, and avoiding loss when they do not. hakanssonThese gambling skills transferred perfectly to markets. This was before he wrote his book "Beat the Dealer" in 1962. Casino Hustlers: Ed Thorp, the Man Who Beat the Double-Edged Houses of Las Vegas and Wall Street. From his groundbreaking insights into card counting and probability in blackjack to his innovative trading techniques, Thorp’s contributions have revolutionized both the gambling and trading worlds. (1932, Chicago. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Thorp invented card counting, proving that you could do the seemingly impossible—beat the dealer at the blackjack table—and in doing so launched a gambling renaissance. Coin tossing 4 3. In 1962 Thorp published the book Beat the Dealer that presented the conclusions of his research. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. Imagine a blackjack card counter faced with a situation of trying to count a six-deck shoe game where two rounds are dealt between shuffles. Early Years. Thorp is best known for writing the original card counting manual Beat the Dealer, which was first published in 1962, and for his research on probability theory applied to blackjack. July 22, 2017. Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. 2690 E Main St, Bridgeport, CT 06610, USA. Thorp. Les Golden, the celebrated blackjack, roulette, and craps columnist for Bluff Europe, Gambling. In 1962, Edward Thorp published his findings of an optimal blackjack strategy using a high-speed digital computer. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Thorp, American mathematics professor, hedge fund manager, blackjack player, and founding faculty member at the University of California, Irvine. Edward O. Along with innovative applications of probability theory, Thorp is also the New York Times bestselling author of Beat the Dealer, the. Thorp Once again. Thorp Edward Oakley Thorp. Edward O. It is more difficult now because casinos have fewer games with good rules and they also have learned to detect and discourage card counters. Thorp later taught himself Fortran and developed a methodology that. Thorp’s specialty is Blackjack. Thorp (@EdwardOThorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. October 14, 2022 by Jon. Thorp Papers. Thorp (@edwardothorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. Moreover, Thorp has demonstrated, see [2,3], that removing some cards from the deck, the player, following the corresponding version of the basic strategy, gets the higher/smaller edge over the house. THORP Edward O. Ed Thorp (Photo Courtesy of Ed Thorp) Noticeably absent from this year’s Blackjack Ball was Professor Ed Thorp. The papers consist of scholarly and personal papers, including published and unpublished manuscripts, research and reference files,. Edward Thorp, The Black-Scholes Model, & The Nobel Prize. Edward Thorp: Những mánh khóe của các sòng bạc để vét sạch túi tiền của người chơi. He turned seemingly random processes into predictable events, transforming. The first book to codify and popularize blackjack card counting, “Beat the Dealer. Known as “the father of card counting”, Edward Thorp invented the original system and later used it in real-world. But it also promises hell in the short run, since Thorp was still. well discuss how you might spot this cheating method. Edward Thorp is by many regarded as “the first quant”, at least one of the first who successfully used quantitative models for risk-taking. Thorp was born in Chicago, Illinois on August 14, 1932. In this article, I’ll unveil the top 15 Thorp quotes that capture his winning investment philosophy. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully. Trong cuốn sách của mình Edward Thorp có chia sẻ rằng, nếu ông chỉ tập trung chơi bài Blackjack thì một năm cũng kiếm được chừng 400. Introduction 387 2. From there, he devised a system, tested it in real life scenario, and wrote the bestseller. P. ”. It compounded money at 19. Thorp is an 89-year old mathematics professor, hedge fund manager, blackjack researcher, and author of Beat the Dealer, Beat the Market, and A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market. He also backed up his theories by playing in the casinos and winning. Long story short; Ed won—and he’s now considered the father of. Thorp (@edwardothorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. These are the five investing lessons of investing that Ed Thorp learned from advantage blackjack play. . It was in his book, Beat the Dealer, first published in 1962, that. Ed Thorp was the first person to systematically beat casinos at blackjack. Thorp, a founding professor of mathematics, hedge fund manager,. Beat the Dealer - blackjack book which had been written by Edward Thorp and has sold more than 1,000,000 copies so far. His first hedge fund, Princeton Newport Partners, earned 19. É autor de Beat the Dealer, o primeiro livro a. The father of card counting details his revolutionary point system that gives blackjack players the edge they need to win. Thorp here: | Brought to you by Wealthfront automated investing (. Edward Thorp tên đầy đủ là Edward Oakley Thorp, sinh năm 1932, là một giáo sư toán học người Mỹ. Thorp is the author of Beat the Dealer, which mathematically proved that. Edward O. At the Blackjack Ball, Card Counter Dr. The casino usually has a 0. pair split. In August, they went to Vegas for a week -- Shannon's wife, Betty, and Thorp's wife, Vivian. His subsequent book, Beat the Market, co-authored with Sheen T. . Thorp Edward Oakley Thorp is widely regarded, by professional players as well as the general public, as the Father of Edward O. The casinos must have been torn. The seminal book that changed blackjack forever. Trivia. An American mathematics professor, author, hedge fund manager, and blackjack researcher, Thorp pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. In A Man for All Markets (Random House, 2017), he reflects on his life and the power of thinking differently—and deeply. “basic” strategy for blackjack that allegedly cut the House edge to a mere 0. 4 Bibliography. Gift of Edward O. 3 Stock market. 10—10, J— A—I. Thorp's Real Blackjack is a game in which. Thorp is a true inspiration. No preferentials and no heat received for spreading. Edward Thorp đã đi tiên phong trong các ứng dụng hiện đại của lý thuyết xác suất, bao gồm việc khai thác các mối tương quan rất nhỏ. There are also many web sites that describe card counting systems and provide software with which to practice. After starting out as an American mathematics professor, he soon became a very successful quantitative hedge fund manager as well as a blackjack and roulette player. The authors had developed their strategy for a complete randomly shuffled deck. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of Fame in 2002. On the other hand, blackjack is still fairly easy for the amateur to learn enough to overcome the casino advantage and gain a modest edge. The man behind the name, "Fortune's Formula," is a living legend: Edward O. The author initiated the practical application of the Kelly criterion by using it for card counting in blackjack. Thorp The question I will answer is how to "manage your money" inEdward O. Kassouf, influenced. Narrated by: Marc Cashman. 1. We will present some useful formulas and methods to. A New York Times bestseller. Leigh Weiner for Newsweek. RACHEL MARTIN, HOST: The card game. Thorp is 88 years old and he already developed card counting techniques back in 1961, when there were no good computers to rely on, impressive isn’t it?. Edward O. Born Edward Oakley Thorp, this man is a legend, an inductee into the Blackjack Hall of Fame, one of the first seven inductees, in fact. Beat the Dealer is the bible for players of this game of chance, containing the basic rules of the game, proven winning strategies, how to overcome casino counter measures and spot cheating. Thorp’s first hedge fund, Princeton Newport Partners, never had a down year. Thorp studied mathematics and physics at UCLA and has applied his mathematical and scientific know-how in novel ways during his career. Thorp was born in Chicago, Illinois on August 14, 1932. criterion to Casino Blackjack in [31, to other gambling games in [4], and to modern portfolio theory In In the coin-tossing game just described, since the gambling probability and the payoff at each bet are the same, it seems intuitively clear that an "optimal" strategy will involve always wagering the same fraction f of your bankroll. Ông cũng được biết đến như tác giả, người quản lý quỹ phòng hộ và nhà nghiên cứu blackjack (trò chơi bài được. Thorp put early computers to use to run vast amounts of blackjack calculations and then went to the casinos of Las Vegas to put his theories to the test. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by… More about Edward O. in- surance. More advancedEd Thorp. It started the blackjack craze in the 60s. Along with innovative applications of probability theory, Thorp is also the New York Times bestselling author of Beat the Dealer, the. He is also famous for inventing the first wearable computer in 1961, together with Claude Shannon. 4. Breaking Vegas: Directed by Bruce David Klein. Thorp. His first hedge fund, Princeton Newport Partners, earned 19. 1 Before he shut down PNP, he was basically turning it into the first multi-strategy hedge fund (and later invested in the most prominent one, Citadel). He is the author of “Beat the Dealer,” which was the first book to prove mathematically that. As a result, he’s commonly referred to as the godfather of card counting. Thorp, Edward O. Published in 1962, this book showed that card counting could be used to overcome the house advantage in blackjack. The seminal book that changed blackjack forever. His father fostered this exploration, even during the lean years of World War II, giving him advanced books to read and treating him to special gifts, including a mineral set Ed fondly recalls experimenting with during. Doyne Farmer, J. com, iGaming Business, GamblingOnline, and Jackpots Review magazines,. “The first thing people who have control do is tilt the playing field. He is the first person to have proven mathematically that it is possible to beat. In 1958 Thorp was a young, up and coming professor at MIT. The man was Edward O. Thorp revolutionized the casino industry by developing card counting systems for the casino game of blackjack. Reception. Thorp 2002 Author of the 1960s classic Beat the Dealer, which changed the way we think about blackjack. Random House, 1962. Ed Thorp. About Edward O. Chia sẻ. Thorp is credited with being the first person to mathematically prove that card counting could be used to win the game of blackjack. Along the way, he was drugged, threatened, and cheated by casino bosses who initially mocked his published methods. The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. By then, it was the summer of 1961, and the two decided it was time to test the computer in a casino. also want to know whether it's a J. Edward Thorp. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. About the Author See all Eliot Jacobson Ph. Please enjoy this transcript of my interview with Edward O. Share to Linkedin. His subsequent book, Beat the Market, coauthored with Sheen T. It started by questioning the conventional wisdom that the game couldn’t be beaten. Professional Blackjack by Stanford Wong and Playing Blackjack as a Business are two classic texts. Edward O. Sample CTA/hedge funds equity curves and performance characteristics. The Blackjack Revolution . In the wake of Thorp’s book, blackjack teams. Ed Thorp was fascinated with Blackjack, and originated card-counting to improve the probability of winning, to what the card counter had and edge versus the casino. Description. At the time, most casinos were using a standard 52-card deck at blackjack tables. 29. Ed Thorp, the father of quant investing, might be the most impressive market wizard. Author: Luke Holmes 14 Dec 2021. Kelly optimal betting. The Black And White Classic Invitational Backgammon Tournament. More than twenty years after the publication of Beat the Dealer, the best-selling book on winning at blackjack, Dr. His subsequent book, Beat the Market, coauthored with Sheen T. Edward O Thorp, the 84-year-old inventor of card-counting, was once the target of a suspected Mob hit. This collection comprises the papers of Edward O. I have recently heard complaints that cards have been missing from the pack in some casino blackjack games. To him, it. Ask any blackjack player who the godfather of card counting is and they will likely tell you it is Edward O. Edward O. Ed Thorp developed a simple card counting system that he suggested to use to make the decision to make a. Today, Thorp owns a successful company in Newport Beach, California—Edward O. $0. ET/PT) In 1961, when Las Vegas was under heavy mafia influence, a young MIT math professor devised a revolutionary and completely legal card-counting scheme that had the potential to make him a fortune. My Blackjack Trip in 1962 to Las Vegas and Reno with Professor Edward O. Sample CTA/hedge funds equity curves and performance characteristics. He also holds that banks’ speculative arms should be broken off — essentially a return to the Depression-era Glass-Steagall law that was controversially repealed by President Clinton. 2. This series documents Thorp's writing and research related to gambling, game theory, mathematical finance, functional analysis, probability and statistics, and other various topics. Thorp serves as the player's expert guide in learning how to play blackjack better. Julian Braun continued this work and published what most players know today as the correct basic strategy of. With Jon Hirschtick, Ben Mezrich, Mr. S. Blackjack For a general discussion of blackjack, see Thorp. Thorp is a legend in both the gaming and the quant worlds. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. : 342 It is the most widely played casino banking game in the world. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. "Counting the . Playing Blackjack to Win. This model was used to validate the card counting methods published by Ed Thorp and Julian Braun in Beat The Dealer. It’s unknown whether Edward Thorp still plays blackjack or not, as he is a private person and keeps his personal life out of the spotlight. Meet mastermind Edward Thorp, the genius who turned his blackjack prowess into a stock market goldmine. Theo phát ngôn của Thorp, Blackjack chỉ có thể đặt cược khoản nhỏ và điều này khiến ông. Thorp and Mickey MacDougall tangram. I had picked the book up as a summer read while home from college. This book is an excellent read for anyone interested in learning more about the game of blackjack and who wants to learn Thorp’s unique winning strategies. Researcher, columnist and long-time blackjack player. There was a very special guest at this year’s Blackjack Ball. Abstract: This collection comprises the papers of Edward O. in. Thorp Once again. Thorp again focused his attention on gambling games with an analysis of:Edward Thorp, a former UCI mathematics professor known for research that led to a famous card-counting strategy for winning at blackjack, inventing a wearable computer to improve your chances at. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. His remarkable success—and mathematically unassailable method—caused such an uproar that the casinos. Thorp had first envisioned a technique for predicting roulette outcomes as a physics undergraduate. Edward Thorp's Ten Count system is one of the earliest card counting systems known. C. He is regarded as one of the best hedge fund managers in the world. ) Blackjack Hall of Fame. Thorp became interested in blackjack after reading a paper that provided a way to play the. A child of the Great Depression, legendary mathematician Edward O. Edward O. He also backed up his theories by playing in the casinos and winning. Processing History Processed by Sarah Glover, 2018. Thorp had gone to Shannon for advice on his academic paper on blackjack. Biography Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. 1% for almost 20 years — destroying the S&P. He also backed up his theories by playing in the casinos and winning. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. Thorp, American mathematics professor, hedge fund manager, blackjack player, and founding faculty member at the University of California, Irvine. The combined strategy. Forex316. A Dozen Lessons on Investing from Ed Thorp. "But it exploded as a popular casino game after Edward O. And simply stated it changed everything. Edward Thorp is an investing and mathematical legend — from spotting Bernie Madoff’s fraud as well as identifying Warren Buffett’s investing acumen early, to coming up with blackjack game.