A Man for All Markets: From Las Vegas to Wall Avenue, How I Beat the Supplier and the Market

A toddler of the Nice Melancholy, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly inconceivable: that you may beat the supplier on the blackjack desk. In consequence he launched a playing renaissance. His outstanding success—and mathematically unassailable methodology—prompted such an uproar that casinos altered the foundations of the sport to thwart him and the legions he impressed. They barred him from their premises, even put his life in jeopardy. Nonetheless, playing was endlessly modified.

Thereafter, Thorp shifted his sights to “the largest on line casino on this planet”: Wall Avenue. Devising after which deploying mathematical formulation to beat the market, Thorp ushered within the period of quantitative finance we dwell in right now. Alongside the way in which, the so-called godfather of the quants performed bridge with Warren Buffett, crossed swords with a younger Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the sport of roulette, invented, with Claude Shannon, the world’s first wearable pc.

Right here, for the primary time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has all the time pushed him to ignore typical knowledge and devise game-changing options to seemingly insoluble issues. An mental thrill experience, replete with sensible knowledge that may information us all in unsure monetary waters,
A Man for All Markets is an instantaneous traditional—a guide that challenges its readers to suppose logically a few seemingly irrational world.

Reward for A Man for All Markets

“In
A Man for All Markets, [Thorp] delightfully recounts his progress (if that’s the phrase) from faculty instructor to gambler to hedge-fund supervisor. Alongside the way in which we be taught essential classes in regards to the functioning of markets and the logic of funding.”
—The Wall Avenue Journal

“[Thorp] offers a organic summation (suppose Richard Feynman’s
Absolutely You’re Joking, Mr. Feynman!) of his quest to show the aphorism ‘the home all the time wins’ is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day merchants”
—


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