Financial Techniques for Beating Casinos (315-page PDF)
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Follow me on my journey through science, gambling and the securities markets. You'll see how I managed to overcome risks and reap the rewards of Wall Street, Las Vegas and everyday life. You will meet fascinating people, including blackjack card dealers and investment experts, as well as movie stars and Nobel Prize winners. You'll also learn about options, derivatives, hedge funds and why a simple investment strategy beats experts in the long-term.
My life began in the Great Depression of 1930s. My family struggled to survive, as did millions around the world. Even though we didn't have any connections, and I attended public schools, I discovered a resource that helped me to think.
Some people think in numbers, others use words, while others use visual images. All of these are my methods, but I also use models to think. A model is a simplified representation of reality. It can be a street map showing you where to go in a city, or the view of gas as a bunch of tiny elastic balls constantly bouncing against each other.
Simple devices like gears, levers and pulleys all follow the same basic rules. It was possible to discover the rules through experimentation and then, if you were successful, use them to predict what would happen when faced with new situations.
The magic of a crystal-set, an early primitive radio constructed with wire and a mineral crystal, was what I found most amazing. The voices I heard suddenly came from thousands or hundreds of miles away. It was somehow carried through the air by a mysterious process. From a young age, I was inspired by the idea that even things I couldn’t see had rules that I could just think about. I could also use what I learned to change the world.
Due to circumstances, I was largely self taught and this led me to think differently. I decided to challenge the accepted views, such as you can’t beat the casinos. Second, because I was constantly trying out new theories, I developed the habit of using the results of pure thought, such as a formula to value warrants, and profiting from them. Third, I created a realistic plan when setting a worthy goal and persevered until I achieved it. Fourth, I tried to be rational in all areas of my life, not just science. I learned that it was important to withhold judgment until evidence is available.
My story is meant to give you a unique perspective. Financial Techniques For Beating Casinos will help you think differently about gambling investments, risk, money management and wealth-building.
My life began in the Great Depression of 1930s. My family struggled to survive, as did millions around the world. Even though we didn't have any connections, and I attended public schools, I discovered a resource that helped me to think.
Some people think in numbers, others use words, while others use visual images. All of these are my methods, but I also use models to think. A model is a simplified representation of reality. It can be a street map showing you where to go in a city, or the view of gas as a bunch of tiny elastic balls constantly bouncing against each other.
Simple devices like gears, levers and pulleys all follow the same basic rules. It was possible to discover the rules through experimentation and then, if you were successful, use them to predict what would happen when faced with new situations.
The magic of a crystal-set, an early primitive radio constructed with wire and a mineral crystal, was what I found most amazing. The voices I heard suddenly came from thousands or hundreds of miles away. It was somehow carried through the air by a mysterious process. From a young age, I was inspired by the idea that even things I couldn’t see had rules that I could just think about. I could also use what I learned to change the world.
Due to circumstances, I was largely self taught and this led me to think differently. I decided to challenge the accepted views, such as you can’t beat the casinos. Second, because I was constantly trying out new theories, I developed the habit of using the results of pure thought, such as a formula to value warrants, and profiting from them. Third, I created a realistic plan when setting a worthy goal and persevered until I achieved it. Fourth, I tried to be rational in all areas of my life, not just science. I learned that it was important to withhold judgment until evidence is available.
My story is meant to give you a unique perspective. Financial Techniques For Beating Casinos will help you think differently about gambling investments, risk, money management and wealth-building.