I have great respect for Ed Thorp. He has a multi-decade track record of making 20%+ returns with essentially zero market correlation. He doesn't toot his own horn much, so it takes some digging to find this out. But he did this by making short term arbitrage-type bets on 1000's of stocks at a time, aided by his "Omnivore" computer program.
(Source: Investing Message Board, March 23, 2008)
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