I don’t have the book handy, but as I recall, The Quants (about people who used advanced math to make investments) mentioned that Thorpe (the inventor of card counting) had math to describe how much of one’s wealth to risk—this was ignored by the younger generation of quants.
I don’t have the book handy, but as I recall, The Quants (about people who used advanced math to make investments) mentioned that Thorpe (the inventor of card counting) had math to describe how much of one’s wealth to risk—this was ignored by the younger generation of quants.