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A Man for All Markets
Book

A Man for All Markets

From Las Vegas to Wall Street, How I Beat the Dealer and the Market

Random House, 2017 more...

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Editorial Rating

8

Qualities

  • Engaging
  • Insider's Take
  • Inspiring

Recommendation

From his unique vantage point, Edward O. Thorp – a mathematician who became a card shark and then a hedge fund manager – delivers an illuminating insider’s account of Wall Street and what ails it. He brings his singular perspective to bear on all the major financial events of recent years, giving readers an entertaining ringside view on the happenings. Besides enriching investors in his hedge fund, as well as himself, through the use of computers and mathematical models as an early quant investor, Thorp also succeeded at beating the Las Vegas casinos, whose pit bosses used fair means and foul to outdo gamblers. According to Thorp, Wall Street professionals, despite regulations, don’t always play fair, either. Both seasoned and novice investors will enjoy Thorp’s career stories and life lessons.

Take-Aways

  • Mathematician and investor Edward O. Thorp’s upbringing in the Great Depression greatly influenced his worldview.
  • After winning at Las Vegas casinos with quantitative techniques using probability theories, Thorp went on to invest on Wall Street, using the same approach.
  • Thorp started a hedge fund that steadily beat market returns.

About the Author

Edward O. Thorp is the author of Beat the Dealer and the co-author of Beat the Market.


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