New Book from MIT Blackjack Legend Jeff Ma
Jeff Ma is a blackjack legend. He was one of six students who formed the infamous MIT Blackjack Team that took over Las Vegas in the early 90s, using card counting techniques at the blackjack tables and netting incredible profits. Ma chronicled his blackjack adventures in his book “Bringing Down the House”, while a recent blockbuster film called 21 offered a dramatic and very entertaining version of his story.
In recent years, Ma has settled into the life of a tech-entrepreneur. He has not given up his love of blackjack though. In fact, he has combined his knowledge and experience of the two in order to write his new book, The House Advantage: Playing the Odds to Win Big In Business.
The book uses stories from his experiences at the blackjack tables as allegories on how to conduct business. Ma says he learned a lot of valuable lessons playing blackjack, and that the things he learned at the casino have made him a better business owner.
In a recent interview on TechCrunch TV, Ma revealed one of the lesions that can be found in his new book. He said the thing that defines a bad blackjack player (or a bad businessman) is being satisfied with “good enough”. Without taking risks, without pushing forward and hoping to get a better hand, you just won’t get anywhere. Just sitting around and hoping the dealer goes bust is a bad blackjack strategy, and it’s not a good way for a businessman to think either.