Term
Thorp
Ed Thorp, an American mathematician who developed a card counting system for blackjack and then went looking for pricing edges in the markets.
Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, William Poundstone
Explained in
- Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, William Poundstone
- Hedge Fund Market Wizards: How Winning Traders Win, Jack D. Schwager
Edward Thorp, an American mathematician. He was the first to show how to beat casinos at blackjack and later ran a successful investment fund for many years.