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This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

This week on the podcast, what a delight. I got to sit down in the offices of Ed Thorpe

and chat for two hours about pretty much everything. You may know the name Ed Thorpe.

I describe him as really the first quantitatively driven hedge fund manager

of any import. He was Jim Simons of Renaissance Technologies

while Jim Simons was still a undergraduate math professor.

He is the author initially of the book Beath the Dealer, where he figured out how to actually

beat the house in Blackjack. His mathematical analysis of Blackjack led Las Vegas and

Casinos everywhere to completely change how they deal Blackjack. They now use half a dozen

decks instead of a single deck. They're random reshuffles. They utterly have changed the rules

in response to Ed Thorpe. He then figures out the physics behind beating

...