A Man for All Markets

Author: Edward O. Thorp

Publisher: Random House

ISBN: 1400067960

Category: Biography & Autobiography

Page: 425

View: 9559


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

A Man for All Markets

Author: Edward O. Thorp

Publisher: Random House

ISBN: 081299874X

Category: Biography & Autobiography

Page: 416

View: 592


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

A Man for All Markets

Author: Edward O. Thorp

Publisher: Simon and Schuster

ISBN: 1786070294

Category: Business & Economics

Page: 432

View: 6019


A New York Times bestseller In a remarkable career, Edward O. Thorp rose up from nothing to become a professor at MIT, invented card counting and the world’s first wearable computer, beat the casinos of Las Vegas at blackjack and roulette, then became a bestselling author and a hedge fund heavyweight, ushering in a revolution on Wall Street. Now he shares his incredible life story for the first time, revealing how he made his fortune and giving advice to the next generation of investors. An intellectual thrill ride, replete with practical wisdom, A Man for All Markets is a scarcely imaginable tale of ludicrous success.

The Man Who Solved the Market

Author: Gregory Zuckerman

Publisher: Penguin UK

ISBN: 0241981344

Category: Business & Economics

Page: 384

View: 3051


NEW YORK TIMES AND SUNDAY TIMES BUSINESS BESTSELLER THE GRIPPING STORY OF HOW A WORLD-CLASS MATHEMATICIAN AND FORMER CODE BREAKER MASTERED THE MARKET When Jim Simons hired physicists, mathematicians and computer scientists to form a hedge fund, experts scoffed. These people would become some of the richest in the world, amassing piles of data and building algorithms that would find the deeply hidden patterns in global markets. Taking the name Renaissance, the company's executives soon began exerting influence outside of the financial world. While Simons became a major figure in scientific research, education, and liberal politics, his senior executive Robert Mercer has been credited with Trump's victorious presidential candidacy and helping steer the UK towards Brexit. Drawing on unprecedented access to Simons and dozens of his employees, Zuckerman, a veteran Wall Street Journal investigative reporter, paints a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm, his country and the world. SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR 'Reads more like a delicious page-turning novel' Bloomberg 'A compelling read' Economist 'Captivating' New York Times book review

A Man For All Seasons (Mills & Boon Blaze)

Author: Heather MacAllister

Publisher: HarperCollins UK

ISBN: 147202964X

Category: Fiction

Page: 224

View: 4549


Marlie Waters's Christmas List: 1. Get a roommate so she can afford her mortgage after broken engagement.

A Man for Glory (Mills & Boon Historical)

Author: Carolyn Davidson

Publisher: HarperCollins UK

ISBN: 1472003764

Category: Fiction

Page: 368

View: 369


TRUE LOVE... UNDER FALSE PRETENCES? With her husband hanged for his secret criminal past, bewildered widow Glory Clark is left all alone to run the farm and care for her stepchildren. Then handsome stranger Cade McAllister shows up on her doorstep, bringing hope and tender feelings Glory has never experienced before in her young life.

The Works

Author: William Shakespeare

Publisher: N.A

ISBN: N.A

Category:

Page: 532

View: 8078