A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
(as of Sep 21,2021 17:36:33 UTC – Details)
A youngster of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly unattainable: that you could possibly beat the seller at the blackjack desk. As a end result he launched a playing renaissance. His outstanding success—and mathematically unassailable technique—precipitated such an uproar that casinos altered the guidelines of the recreation to thwart him and the legions he impressed. They barred him from their premises, even put his life in jeopardy. Nonetheless, playing was ceaselessly modified.
Thereafter, Thorp shifted his sights to “the largest on line casino in the world”: Wall Street. Devising and then deploying mathematical formulation to beat the market, Thorp ushered in the period of quantitative finance we dwell in at this time. Along the manner, 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 recreation of roulette, invented, with Claude Shannon, the world’s first wearable pc.
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 all the time pushed him to disregard standard 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 prompt traditional—a e-book that challenges its readers to suppose logically a few seemingly irrational world.
Praise for A Man for All Markets
“In A Man for All Markets, [Thorp] delightfully recounts his progress (if that’s the phrase) from school instructor to gambler to hedge-fund supervisor. Along the manner we be taught vital classes about the functioning of markets and the logic of funding.”—The Wall Street Journal
“[Thorp] offers a organic summation (suppose Richard Feynman’s Surely 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”—
Publisher:Random House (January 24, 2017)
Publication date:January 24, 2017
File measurement:10518 KB
Print size:391 pages