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How mathematician Ed Thorp uncovered a financial mystery 2 decades before the public found out. #spoiler In 1991, the consulting firm McKinsey was reviewing how its pension fund portfolio was doing when they found one with a returns graph that looked like this: The analysts at McKinsey were quite stumped, and they brought in a consultant of their own: Ed Thorp. You see, Ed Thorp is known as the “father of the quants”: he’s a renowned mathematician best known for his contributions to option prici
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TikTokfinancefunfacts
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