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Archie Karas $50 -( 3 years )-> $18,000,000 -> "I don't wanna say" -> Zero.

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  • Archie Karas $50 -( 3 years )-> $18,000,000 -> "I don't wanna say" -> Zero.

    interesting interview. arguably the biggest run in gambling history.

    https://www.youtube.com/watch?v=UpiVPJkGZ5k
    Last edited by sonatine; 02-25-2022, 11:35 PM.

  • #2
    some interesting takeaways...

    - never honestly gave a shit about money (predictable)

    - the casinos basically tried to destroy him / ruin his life

    - to a large extent they succeeded

    - got up into the 40m range and then just donked it all off *and never actually invested in anything*

    this ^ is the part i find really interesting. in his own words, he wasnt an investor, he was a gambler. lesson to be taken away from this; have a number. when you get to your number, live off the interest or rent or whatever you choose. gamble with the interest/rent if you have to.

    wild shit.

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    • #3
      Karas is one of the great stories.

      it is hard for us to appreciate how much $40 million was back then.

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      • sonatine
        sonatine commented
        Editing a comment
        such a great line in there like, 'casinos hated me because i was too fast.' like he would just keep... on... shoving all in and winning. fucking goat.

    • #4
      "the best things, you cannot buy with money."

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