A Man for All Markets
Review A Man for All Markets
by EDWARD O. THORP
Description
In “A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Markets,” Edward O. Thorp took a very straightforward approach in writing about his life, and it worked so well. In this book, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was possible to beat the house. Edward O. Thorp had exhausted that topic to his satisfaction and the dismay of the casinos, he moved on to the bigger casino of the stock market. Edward O. Thorp describes his research and discoveries about roulette, blackjack, options trading, and more, in easy-to-understand language, for a general audience. As a trader, you need no prior experience dealing with probability or securities or anything else. In this book, he also tells stories about the wealthy and famous people he encountered because of his books about beating the dealer and the market.
About the Author
Edward Oakley “Ed” Thorp is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the “father of the wearable computer” after inventing the world’s the first wearable computer in 1961. He was a pioneer in modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain.
He is the author of Beat the Dealer, the first book to mathematically prove, in 1962, that the house advantage in blackjack could be overcome by card counting. He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer.
Table of Contents
- Preface
- Foreword
- Chapter 1: Loving To Learn
- Chapter 2: Science Is My Playground
- Chapter 3: Physics And Mathematics
- Chapter 4: Las Vegas
- Chapter 5: Conquering Blackjack
- Chapter 6: The Day Of The Lamb
- Chapter 7: Card Counting For Everyone
- Chapter 8: Players Versus Casino
- Chapter 9: A Computer That Predicts Roulette
- Chapter 10: An Edge At Other Gambling Games
- Chapter 11: Wallstreet: The Greatest Casino On Earth
- Chapter 12: Bridges With Buffett
- Chapter 13: Going Into Partnership
- Chapter 14: Front-Running The Quantitative Revolution
- Chapter 15: Rise…
- Chapter 16: …And Fall
- Chapter 17: Period Of Adjustment
- Chapter 18: Swindles And Hazards
- Chapter 19: Buying Low, Selling High
- Chapter 20: Backing Truck Up To The Banks
- Chapter 21: One Last Puff
- Chapter 22: Hedging Your Bets
- Chapter 23: How Rich Is Rich?
- Chapter 24: Compound Growth: The Eighth Wonder Of The World
- Chapter 25: Beat Most Investors By Indexing
- Chapter 26: Can You Beat The Market? Should You Try?
- Chapter 27: Asset Allocation And Wealth Management
- Chapter 28: Giving Back
- Chapter 29 Financial Crises: Lessons Not Learned
- Chapter 30: Thoughts
- Epilogue
- Appendix A: The Impact Of Inflation On The Dollar
- Appendix B: Historical Returns
- Appendix C: The Rule Of 72 And More
- Appendix D: Performance of Princeton Newport Partners. Lp
- Appendix E: Our Statistical Arbitrage Results For A Fortune 100 Company
- Acknowledgments
- Notes
- Bibliography
- Index
