--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
> I was also curious as to what peripheral skills gambling teaches, that might be useful in other venues.
If you're a good gambler, you can get a good paying job (over 7 figures) at a hedge fund. Bill Gross started as a blackjack player, now he's head of PIMCO. Ed Thorp ran a very successful hedge fund for a while (he had a book called "Beat the Market"). A bunch of gamblers figured out that the Black-Scholes option pricing model was wrong for quite a while, thus providing a positive opportunity for them and a very negative opportunity for LTCM (casinos aren't the only ones who make "mistakes"). Claude Shannon (who figured out how to beat roulette, among other things) may have been the best stock picker of all time, his record beat Buffet. Buffet of course is a bridge player, as is Gates. Many Enron traders were poker players. Wall Street loves to hire winning professional poker tournament players:
http://articles.latimes.com/2010/may/16/business/la-fi-poker-traders-20100516
