Another option trader friend of mine just died. The first one I wrote about here was
Howard Ring, he was a friend and colleague, a backgammon champ, a very smart, math-oriented genius. And a really nice guy, to boot. The second one I wrote about here was
Steve Fossett, not as much a friend as friendly opponent, he was a gamesman also. The friend
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For most of my floor career, I was an options Specialist, which meant (for those unknowing) that I stood at the very front of the pit, between a bank of computers in my face and a cadre of clerks at my back. They protected me from incursions from the masses, generally, and my space was secure. I have different health issues, but pencil tattoos isn't one of them.
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A pot contains 75 white beans and 150 black ones. Next to the pot is a large pile of black beans.
A somewhat demented cook removes the beans from the pot, one at a time, according to the following strange rule: He removes two beans from the pot at random. If at least one of the beans is black, he places it on the bean-pile and drops the other bean, no matter what color, back in the pot. If both beans are white, on the other hand, he discards both of them and removes one black bean from the pile and drops it in the pot.
At each turn of this procedure, the pot has one less bean in it. Eventually, just one bean is left in the pot. What color is it?
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Here is a link to more information.Some thoughts ( ... )
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