A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

A little one of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly inconceivable: that you could possibly beat the vendor at the blackjack desk. As a consequence he launched a playing renaissance. His outstanding success—and mathematically unassailable methodology—brought on 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 stay in right now. 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 on the spot basic—a e book that challenges its readers to assume 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 trainer to gambler to hedge-fund supervisor. Along the manner we study essential classes about the functioning of markets and the logic of funding.”—The Wall Street Journal

“[Thorp] offers a organic summation (assume 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”—
Library Journal