A Man for All Markets

Author: Edward O. Thorp

Publisher: Random House

ISBN: 081299874X

Category: Biography & Autobiography

Page: 416

View: 6331

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

The Man Who Solved the Market

Author: Gregory Zuckerman

Publisher: Penguin UK

ISBN: 0241981344

Category: Business & Economics

Page: 384

View: 1922

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

Stock Trader's Almanac 2018

Author: Jeffrey A. Hirsch

Publisher: John Wiley & Sons

ISBN: 111938429X

Category: Business & Economics

Page: 192

View: 9327

The best data in the business, updated for 2018 Stock Trader's Almanac 2018 provides the cleanest historical data in the business to give traders and investors an advantage in the market. The 2018 edition is consistent with decades of the Stock Trader's Almanac showing you the cycles, trends, and patterns you need to know in order to invest with minimum risk and maximum profit. Updated with the latest numbers, this indispensable guide is organized in a calendar format to provide monthly and daily reminders, including upcoming opportunities to grab and dangers to avoid. Proprietary strategies include the Hirsch Organization's Best Six Months Switching Strategy, the January Barometer, and the Four-Year Presidential Election/Stock Market Cycle, arming you with the tools savvy investors use to achieve their market goals. Trusted by Barron's, The Wall Street Journal, the New York Times, and other respected market authorities, this indispensable guide has helped generations of investors make smart market moves. This new edition provides the same level of invaluable guidance, with the latest data straight from the vault. Access the most trusted historical market data available Identify patterns and trends you won't find anywhere else Get advance notice about upcoming risks and opportunities Bring accuracy to your forecasting and confidence to your investing Analytical tools are essential to successful investing, but they're only as useful as the data is accurate. Even the most beautifully designed model cannot forecast accurately based on incomplete, misleading, or inaccurate numbers; data quality is the bedrock of your entire investing strategy, and when it comes to data, cleanliness is next to profitability. Get the edge this year with the best data in the business, plus a wealth of valuable strategies in the Stock Trader's Almanac 2018.

Safe Haven

Author: Mark Spitznagel

Publisher: John Wiley & Sons

ISBN: 1119401798

Category: Business & Economics

Page: 240

View: 1193

What is a safe haven? What role should they play in an investment portfolio? Do we use them only to seek shelter until the passing of financial storms? Or are they something more? Contrary to everything we know from modern financial theory, can higher returns actually come as a result of lowering risk? In Safe Haven, hedge fund manager Mark Spitznagel—one of the top practitioners of safe haven investing and portfolio risk mitigation in the world—answers these questions and more. Investors who heed the message in this book will never look at risk mitigation the same way again.

Actually, It's Not Easy

Author: Nicholas Cohen

Publisher: Lulu.com

ISBN: 1387723219

Category: History

Page: 340

View: 609

Fake news. Alternative facts. Ideological agendas. How do you tell the difference between true and false? How do you know what it all means? In Actually, ItÕs Not Easy, novices and experts alike can grow their ability to understand complex topics in todayÕs world. A consistent, analytical approach results in an understandable context useful for solving problems. Timely subjects like health reform and tax policy blend with voyages into probability theory and the history of totalitarian coups. These topics, perhaps arcane at the start, achieve clarity and consequence on their way to an often-surprising thesis. Only by accepting Ð perhaps even enjoying Ð the complexity of these topics, can we hope to achieve sturdy solutions to the problems faced by our society.

A Man For All Seasons (Mills & Boon Blaze)

Author: Heather MacAllister

Publisher: HarperCollins UK

ISBN: 147202964X

Category: Fiction

Page: 224

View: 2263

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

A Man for All Markets

Author: Edward O. Thorp

Publisher: Simon and Schuster

ISBN: 1786070294

Category: Business & Economics

Page: 432

View: 4623

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.