Greatest Financial Philosopher

Discussion in 'Trading' started by Ripley, Sep 22, 2011.

  1. I guess you missed my mention of Ed Thorp... an astute gambler he was.
    Thanks to him, card counters around the world now get kicked out for beating the system.

    Here's some of his wisdom...

    "Where do the ideas come from? Mine come from sitting and thinking, academic journals, general and financial reading, networking, and discussions with other people.
    In each of our three examples, the market was inefficient, and the inefficiency or mispricing tended to diminish somewhat, but gradually over many years. Competition tends to drive down returns, so continuous research and development is advisable. In the words of Leroy Satchel Paige, “Don’t look back. Something might be gaining on you”.
    "
     
    #11     Sep 22, 2011