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Gambling With an Edge - guest William Ziemba

Gambling With an Edge

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Buffett's Greatest Investment Idea

Buffett has a 56 year track record making 20% per year and he has The S&P gained about 10 so he's about double the S&P over a 56 year period. Thorpe was a 13.8 and Renaissance with value was a 26.4 So that it's possible to be better as well. How did Thorpe do it? Thorpe did it with risk arbitrage carefully done. 100 brilliant mathematicians to create long trades that are eight seconds And and and do that and they they do thatSo some of the hedge funds can in fact I'll beat it on average Buffet is right That you'll do better with S&P index fund or Or better invest in

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