Wall Street Oasis - Investment Banking & Finance Community: Rock Paper Scissors

Wall Street Oasis - Investment Banking & Finance Community The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.

Rock Paper Scissors Apr 23rd 2013, 00:30 I recently came across this old paper about a meeting between Ed Thorp and Warren Buffett in the late 1960s. Buffett had recently closed his famous partnership after the bull market in the past few years left few undervalued securities to buy. Afterwards, former clients asked him to evaluate a money manager: Ed Thorp. Compound interest is the first (popular) discussion that's worth repeating: if the Manhattan Indians had been able to invest the $24 for which they sold Manhattan in 1626 at, say a net return of 8%, their heirs could buy it back now (1968) with all the improvements This is just the beginning, however: read more Media files: preview (image/jpeg, 0 MB)

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