Play It Right: The Man Who Beat the Odds on Wall Street
$39.00
Author: | Kamal Gupta |
ISBN 13: | 9789354359385 |
Binding: | Hardbound |
Language: | English |
Year: | 2022 |
Subject: | Biography and Autobiography |
About the Book
FOR READERS OF MICHAEL LEWIS'S THE BIG SHORT AND ANITA RAGHAVAN'S THE BILLIONAIRE APPRENTICE COMES A TRUE STORY LIKE NO OTHER
How to launch the largest hedge fund in history on Wall Street by training in blackjack
All around the world, the words 'Wall Street' conjure up a powerful image-for some, the centre of America's capitalist system and for others, the home of rapacious bankers whose greed led to a global financial crisis. For a scrappy Indian-born computer scientist, however, Wall Street represented something else entirely-a chance to play in the largest casino in the world.
Bored with the tech world, Kamal Gupta devoted two years of his life to the single-minded pursuit of becoming a professional blackjack player and had grown his bankroll to thirty-two times its original size, getting barred from several casinos in the process. In an unexpected turn of events, his gambling exploits brought him to Wall Street where his unique skills led to him raising eight billion dollars for the largest hedge fund launch in history.
Play It Right is a darkly comic account of Gupta's improbable journey from New Delhi to Las Vegas to New York. It isn't so much a story about money as it is about human ambition and beating the odds, whether at a casino, on Wall Street, or in life.About the Author
Kamal earned a B.Tech. in electrical engineering from the Indian Institute of Technology in New Delhi, having entered the elite institution after completing eleventh grade. He then received a master's in computer science from the University of Wisconsin-Madison, finishing the program in just eleven months.
After a stint spent as a professional blackjack player, Kamal then spent twenty years (1999-2019) managing money for some of the largest hedge funds in the world (Millennium, Brevan Howard, ExodusPoint). During that time, he achieved the extraordinary feat of 103 consecutive months of positive returns, quite possibly the finest long-term track record produced by an individual in hedge fund history. In 2018, he played an instrumental role in raising eight billion dollars for the largest hedge fund launch ever, ExodusPoint Capital.