When we retrace its history, we see gambling to have fascinated many brilliant minds of our time. Indeed — as they played with randomness and uncertainty — their ideas cross-fertilized many other fields among which Artificial Intelligence and Quantitative Finance seem to have been the ones that benefited the most from their insights.
Ed Thorp, Jim Simons, and Ray Dalio have been just a few of the hedge fund managers that took those concepts out of Las Vegas to the floors of Wall Street. Yet, as we enter the tech and data-driven era of investing, we need them more than ever.
We need to ask ourselves: What does it take to play the odds?
- At The Beginning Was Chance
- What Mr. Feynman Learned in Vegas
- Les Jeux Sont Faits: Lions, Roulettes and The Brain
- Zooming in and Out of Random
- Investing Is Not Gambling
- From Las Vegas to Wall Street
- The Lessons We Learned