What Blackjack and Gambling Teach Us About Investing
Chapter 17 starts with a confession that always gets Wilmott in trouble with bank training managers. He wants to call his lecture “Investment Lessons from Blackjack and Gambling.” They want him to change the title because regulators might frown on it. Wilmott thinks this is silly. Investment and gambling share the same mathematical roots. And most professional gamblers he knows understand risk and money management better than most risk managers at banks.