How Ed Thorp Beat Vegas and Wall Street for $800 Million

Beating Wall Street isn't easy, but this card counter applied his skills to Wall Street and walked away with $800 million profit. This documentary uncovers the incredible story of how Ed Thorp transitioned from beating casinos to outsmarting the financial markets. Discover the details of his strategy and how he leveraged his unique approach to achieve this staggering success using math.

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[Lithilic]

I know it's more difficult to keep the tension and drama of the story, but it's nice to see one where the protagonist doesn't get greedy for a change.

[TJMinervaCollectibles]

This is such a great video. I think you did a great job of outlining Edward's contributions.

[David-]

Another beautifully put together video.

[anvz]

Keep up the good work! I know weekly articles are going to be harder and harder to do.

[MRBLINDFIRE]

My new favorite channel 🙏🏼🙏🏼🙏🏼 been rocking with you guys since the start. Just don’t reuse the thumbnails i suggest. Great ass video

[GunnarMiller]

You should double-check the terminology you use:
Call Option: A financial derivative giving the holder the right, but not the obligation, to buy an underlying asset (e.g., a stock) at a specified price (strike price) within a certain period.

Warrant: Similar to a call option, but it is issued directly by a company, often as part of a bond or preferred stock offering. Warrants give the holder the right to buy the company's stock at a specific price before the expiration date. Warrants are usually long-term instruments.

The strategy you describe at the beginning is called "covered call writing". "Warrants" are rare.

[mzeewakazi]

So Warren Buffett learnt from the best and made more than his teacher.

Kudos, great vid as usual.

[DerivCapital]

ED THORP!!!! ....a part of the Market Wizards books and and own book a Man for all Markets ...excellent hes in other book also

[Ovell]

As if I didn't have enough to worry about now i gotta worry about wolves breaking in 😂😂😂

[marke.]

Of the videos on here so far this one seems a bit more vague when compared to the others. Nice video and story but could probably use an added 5 minutes i=or so of added explanation.

[Gidalyah-qqec]

Shorting isn't buy-sell-buy, it's borrow-sell-buy (back)

[DomiaAbrWyrda]

I'm guessing this only worked because he was one of the first ones to do so?
This shouldn't be possible today, at least his strategy not his principles, because the options market regarding this is efficient enough that this can't happen

[imilliemedina]

Ed Thorp was a terrible gambler.
How can you say he beat Vegas?

[TheMixxon]

so I don’t get it, was he or was he nor doing illegal stuff. Cause if there was no illegal stuff then no one would ever have to worry about snythting in this story. Yeah everyone will alwasy worry about loosing money it’s a given, we are talking about a different kind of worry - loosing your freedom. So was anything illegal or not ?