IGX

Don Johnson won nearly $6 million playing blackjack in one night, single-handedly decimating the monthly revenue of Atlantic City’s Tropicana casino. Not long before that, he’d taken the Borgata for $5 million and Caesars for $4 million. Here’s how he did it.

http://www.theatlantic.com/magazine/arc ... _page=true

Reminds me of the Taleb's Black Swan. The house relied on a bell curve based on tens of thousands of hands, not expecting a sharp guy who negotiated better rules and who played a short term streak perfectly.

95% of the Black Swan was beyond me but the ludic fallacy comes to life here.

DrDonkeyLove wrote:Reminds me of the Taleb's Black Swan. The house relied on a bell curve based on tens of thousands of hands, not expecting a sharp guy who negotiated better rules and who played a short term streak perfectly.

95% of the Black Swan was beyond me but the ludic fallacy comes to life here.

That book has been officially added to my reading list. Thanks Doc!

Gladwell's, "What The Dog Saw" has a good article on Taleb and explains him and his view on investing more clearly than Taleb himself does to my tiny mind.

It's also a very interesting book in its own right.