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

Product Information

The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the sphere of suffering shared, and in this case extended to the death march itself, there is no spiritual or emotional legacy here to offset any reader reluctance.

A Man for All Markets by Edward O. Thorp, read by Stream A Man for All Markets by Edward O. Thorp, read by

One of those unique minds who combined amazing innate math abilities with a flair for practical implications, Thorpe would enjoy decades of results that even earned the respect of Warren Buffet. Thorpe dives into any number of related topics including his own tale of spotting the Madoff fraud 20 years before it came to light....noone listened to him either. Do what you love and the money may follow. If it does, that’s fine. If it doesn’t, you’re still doing what you love.” If Edward were teaching a seminar in investing to a modern student body (some of whom might not possess an aptitude for math), what frameworks would he impart to get them started? [38:55]

For all of his chest puffery, I honestly don't see how Mr. Thorpe benefits society. He exploited loopholes. Not super admirable. He seems to have had a nice life and cared very much about family and friends. While I certainly appreciate that aspect of his life and career, it's not special enough to warrant such a long and rambling autobiography. 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. Having made enough money to last him and his wife comfortably for the rest of their lives, he retired to spend time with his family, traveling, and enjoying life. And writing this autobiography, which is full of gems of wisdom about managing your money and life in general. Even at 89, Edward considers himself a long-term thinker. How might those of us who struggle to think beyond the short-term be more like Edward? [45:59] What you should be reading and listening to if you want to enact positive change in the world right now — politically or evolutionarily. [1:08:29]

A Man for All Markets : From Las Vegas to Wall Street, How I A Man for All Markets : From Las Vegas to Wall Street, How I

I’ve got something the billionaire could never have. The knowledge that I’ve got enough.” -Joseph Heller, the author of Catch-22, to Kurt Vonnegut at a billionaire’s party. Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691)But this is a good book. See, I read "A mind at play", a biography about Claude Shannon (btw they are genius bros), and I dragged myself to finish it. It is hard to write about a genius, if you are not a genius yourself (the author of "A mind at play" admitted it himself). This one, I cannot stop reading. I just read this new book by Ed Thorp, the guy who beat the dealer in Las Vegas.. then he did computer algorithmic trading. I really liked the book, I recommend Thorp’s new book" - Charlie Munger 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.