A Man for All Markets by Edward O Thorp

A Man for All Markets by Edward O Thorp

The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.

A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success--and mathematically unassailable method--caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed.

Thereafter, Thorp shifted his sights to "the biggest casino in the world": Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world's first wearable computer.

Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic--a book that challenges its readers to think logically about a seemingly irrational world.

Praise for A Man for All Markets

"In A Man for All Markets, [Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment."--The Wall Street Journal

"[Thorp] gives a biological summation (think Richard Feynman's Surely You're Joking, Mr. Feynman!) of his quest to prove the aphorism 'the house always wins' is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders"--
Library Journal

Edward O. Thorp is a blackjack player, a mathematics professor, and a hedge fund manager. Thorp was a pioneer in current applications of probability theory, and his best-selling book, Beat the Dealer, statistically established that card counting could beat the house edge in blackjack. He's also the author of Beat the Market, an investment book; A Man for All Measurements, a memoir; and numerous popular and scientific pieces. He resides in the city of Newport Beach, California. Edward Thorp's website is www.edwardothorp.com.

SKU	Unavailable
ISBN 13	9780812979909
ISBN 10	0812979907
Title	A Man for All Markets
Author	Edward O Thorp
Condition	Unavailable
Binding Type	Paperback
Publisher	Random House USA Inc
Year published	2018-04-17
Number of pages	416
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable