Category Archives: Wall Street
Season 18 Complete: Great Season, Strange Ending
The Underdog Theorem’s 18th season ended yesterday with the Buffalo Bills barely defeating Detroit. While Wall Street is having another good year (we’ll generously say the market is up 10% year to date), the Underdog Theorem has once again outperformed … Continue reading
Filed under All Results, The Book, Wall Street
What Would Paul Samuelson Say?
WWPSS? For years I’ve heard people justify bans on gambling by quoting Nobel Prize-winning economist Paul Samuelson. ”(Gambling) involves simply sterile transfers of money or goods between individuals, creating no new money or goods.” Whether or not this actually justifies … Continue reading
Filed under Legalize It, Wall Street
Underdog Theorem vs. Wall Street / Happy Super Bowl Sunday
I’m closing up shop for a few months, but I wanted to first wish everyone a Happy Super Bowl Sunday and then elaborate on this entry before I disappeared. “In the past it’s been easy to say that the Underdog … Continue reading
Filed under All Results, NFL, The Book, Wall Street
Season 17: No Team Goes Undefeated
A surprising (to people who haven’t read the Underdog Theorem) move yesterday in Indianapolis brought a crazy year of Underdog Theorem betting to a profitable end. I’ll cover what everyone cares about up front, then share some of the history … Continue reading
Filed under NFL, The Book, Wall Street
Season 17 Checkpoint
We’ve finally reached calmer waters, and now is a good time to reflect on what we’ve produced. There’s no telling when we’ll reach the shore, so let’s enjoy this break and see where we stand. So far this year the … Continue reading
Filed under The Book, Wall Street
Split the Banks Into Utilities and Casinos
Not just a big deal that the head of the Bank of England is calling for the break up of big banks in the U.K., it’s noteworthy how honest he is in describing what most of them have become. From … Continue reading
Filed under Legalize It, Wall Street
60 Minutes: Wall Street’s Side Bets
We are forbidden by law to wager our own money on football games, but Congress changed the law in 2000 so that Wall Street could legally make bets and nearly bring down the world economy. Good show, gents. Entire clip … Continue reading
Filed under Legalize It, Wall Street
Jon Stewart, Dangerfield Look-alike, Interviews Jim Cramer
Jon, you’re starting to look just like Sir Rodney. Continue reading
Filed under Wall Street
Wall Street Madoff Like Bandits
I have a bit of a chip on my shoulder when it comes to Wall Street, so I will keep my comments to a minimum. The Bernie Madoff scandal is an appropriate ending to the craziest year on Wall Street … Continue reading
Filed under Legalize It, Wall Street
IMPORTANT: Options for UT Newbies
SEASON 16 FINAL BANKROLL SCENARIOS -UTV- -UTV%- -UTG- -UTG%- 1774 55 2600 69 < – – BEST CASE 1674 48 2500 65 1574 41 2400 61 1564 40 2390 60 1474 34 2300 56 < – – CURRENT 1464 33 … Continue reading
Filed under The Book, Wall Street
