Garcia: So, to be clear, we have a president that is $2 billion richer just from this last year. We have a son whose wedding is being paid for by rich Russians and oligarchs that have connections to Putin. We have Jared Kushner, who got $2 billion for his investment firm from the Saudis while also doing diplomacy in the Middle East.
We have the Kushners who are trying to buy private islands and selling all sorts of merchandise that’s being promoted, oftentimes through government resources. We also have, of course, this insane amount of stock trading that the president himself is doing to enrich himself and his family.
And, of course, the sons sitting on boards of private companies that are then getting contracts from the federal government. The amount of corruption is unprecedented. And not only are they lining their pockets, they’re stealing the wealth of hardworking Americans, they’re stealing the hard-earned labor and wealth of working-class people, and then funneling that money to themselves and to the rich donors and large corporations and CEOs across this country.
As they get richer, costs go up for the American people. And we know that Republicans in the House and in the Senate are complicit by not calling out this corruption.
In 1986 a guy got kicked out of every casino in Vegas for counting cards. So he flew to Hong Kong with $180,000 and started betting on horses instead. He walked away with almost $900 million.
It's Bill Benter. He figured horse racing was just another counting problem. Same math, more moving parts.
He and a partner showed up with $180k and a computer. Benter spent years teaching that computer to guess one thing, the real chance each horse had to win. If his number was better than the odds the bookies gave, he bet. If not, he skipped it.
That's the whole trick. Expected value.
EV = p · b − (1 − p)
Only bet when your win chance p, at odds b, is worth more than your chance of losing.
This recording was never meant to be some hidden gem. Nobody expected Professor Tsitsiklis to hand the whole foundation away in 45 minutes, but that's exactly what happens on the board. Students in that room pay over $80,000 a year to sit through it. It's free right here. It's free right here.
Every quant, every professional bettor, every hedge fund analyst started with this exact hour. Benter just watched it and actually did the homework.
Almost nobody knows this lecture even exists. Watch it before it gets taken down.
The answer is in this video.
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