Quote from: FinneysTrueVision on December 04, 2023, 01:32:15 AM

Quote from: KiaKia on November 17, 2023, 09:19:39 AM

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

For being the greatest gambler ever, his Wikipedia page makes no mention of anything related to gambling. The vast majority of James Simons' wealth comes from investments and being a hedge fund manager. He has been successful at creating investment strategies by developing mathematical models and analyzing patterns. While investing in financial markets can be seen as a form of gambling it is not the same thing in the traditional way that most people understand gambling.

The mathematicians that found a new method to make money while gambling have gone to become great investors on their own right.

This is the case as well of Edward Thorp, which is the creator of card counting, however he probably earned more money with the book he wrote than by using his card counting method, and eventually he became a hedge fund manager and earned a fortune on the markets with a new method that he designed himself as well.