A Man For All Markets
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 hedge fund heavyweight, ushering in a revolution on Wall Street. He shares his incredible life story for the first time… giving advice to the next generation of investors. — FT
Edward O. Thorp rose up from nothing to become a professor at MIT, invented card counting and proceeded to beat the dealers of Las Vegas at blackjack, roulette and baccarat. Having brushed shoulders with casino mobsters and survived, he shared his secrets with the world, launching a gambling renaissance. His next stop was Wall Street, where he used statistical techniques to identify and exploit pricing anomalies in the securities markets, ushering in a stock market revolution and becoming one of the first of the great quantitative investors. In a remarkable career, Thorp attracted the attention of the legendary Warren Buffett, detected the Bernie Madoff scheme, invented the world’s first wearable computer and amassed a significant personal fortune.
Now Thorp shares his incredible life story for the first time, revealing how he made his money and giving advice to the next generation of investors. An intellectual thrill ride, replete with practical wisdom, A Man for All Markets reveals the power of logic in a seemingly irrational world.