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

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Following up on his success at twenty-one, Thorp, along with Claude Shannon, designed and built a mechanical and electrical device that allowed them to gain an advantage in roulette by predicting with some proficiency approximately where the bouncing ball would end up. That was quite a coup especially considering that it happened fifty-some years ago.

A Man for All Markets by Edward O. Thorp | Waterstones

A Man for All Markets " is firstly an Autobiography Memoir. He starts with detailed life account from the early beginnings of life in poverty through to present day. I was surprised the author dedicated the last 1/3 or 1/4th of the book to personal finance, budgeting, and life view/work life balance. In one section, he really throws down the gauntlet against Efficient Market Theory, but I do believe he and Buffet are outliers and that overall EMT can be important for recognizing that most people will not be able to exploit any perceived inefficiencies and over time the market tends to (mostly) correct, just how long it may take is unknown to most. This takes us through the first ten chapters. Then in Chapter 11: “Wall Street: The Greatest Casino on Earth” Thorp turns his attention to the financial markets. The titles of the next 14 chapters not only outline the story but could serve as something like a syllabus for a graduate course in investing. Viz., “Front-Running, The Quantitative Revolution, Swindles and Hazards, Buying Low, Selling High, Hedging Your Bets, Compound Growth, Beat Most Investors by Indexing, Asset Allocation and Wealth Management, etc.” Sách mới, đẹp, bao bì chất chắn, nội dung hay, giấy in tốt.sdsadsadsadadasdasdasdsadadaddsdsaas Review từ độc giả Nguyen Van KhiemThereafter, 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. 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] Brought to you by Wealthfrontautomated investing, Athletic Greensall-in-one nutritional supplement, and Eight Sleep’s Pod Pro Cover sleeping solution for dynamic cooling and heating. More on all three below.

A Man for all Markets – Wilmott A Man for all Markets – Wilmott

My father was a sad and lonely man who didn’t express his feelings and who rarely touched us, but I loved him. I felt that this stranger was using me to put him down and I realized that I had stopped it. Whenever I remember my dad’s happiness at this, it echoes in me with a force that still seems undiminished. Nội dung tốt. tuy nhiên vẫn còn lỗi chính tả .mong anh Thái xem xét in trực tiếp tiêu đề sách lên bìa cứng Review từ độc giả Đức LêI've spent a lot of time reading books about investing and quantitative finance. Some of this was very familiar to me. This book is a train ride that stops at all of the interesting stops. Yet, Ed has so much primary information to share that he manages to make so much of this his own. The coverage is incredible, the perspective is priceless. He invented card counting, then by chance bacme an early investor in Berkshire Hathaway, was adamant about Bernie Madoff being a fraud in 1991, then became the first LP of Citadel, then turned down an opportunity to seed D. E. Shaw. I mean no disrespect when I say this, but at times the book gives the impression that Thorp has been the Forrest Gump of Quantitative Finance. Over the next couple of years I read books including Gulliver’s Travels, Treasure Island, and Stanley and Livingstone in Africa. When, after an eight-month arduous and dangerous search, Stanley found his quarry, the only European known to be in Central Africa, I thrilled to his incredible understatement, “Dr. Livingstone, I presume,” and I discussed the splendor of the Victoria Falls on the Zambezi River with my father, who assured me (correctly) that they far surpassed our own Niagara Falls.

A Man for All Markets - Stanford University - OverDrive A Man for All Markets - Stanford University - OverDrive

chất lượng giấy oknôi dung cho thấy một cách nhìn khá hay về đầu tư Review từ độc giả Nguyen Quoc Viet khi mở hộp thì thấy nguyên một đường rạch trên bìa, mở sách xem thì mỏi mắt vì có trang in đậm, trang in mờ. Quá tệ. Review từ độc giả Đạt Lê 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” — It is difficult to praise one’s own self and talk about the achievements in witty, interesting and factual ways without appearing arrogant, exaggerating or biased. Ed Thorp may do thousands of other things better than almost anyone else, but certainly not that. My father taught me to compute the square root of a number. I learned to do it with pencil and paper as well as to work out the answer in my head. Then I learned to do cube roots.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 Man for All Markets by Edward O. Thorp | Perlego [PDF] A Man for All Markets by Edward O. Thorp | Perlego

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. 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. Fortune's Formula (Claude Shannon, Kelly Criterion, Thorpe's gambling days, amalgamation of a lot of this)If you are a professor, never ever agree to become the head of the department. Thorp's stories are horrifying (though they jibe with what I've seen): nasty infighting, absenteeism, zero accountability. The words and adventures were largely in my head; I didn’t really have anyone to discuss them with, except sometimes my tired father after work or on weekends. This led to an occasional unique pronunciation. For instance, for a couple of years I thought misled (miss-LED) was pronounced MYE-zzled, and for years afterward when I saw the word in print I would hesitate for a beat as I mentally corrected my pronunciation. Người mới bắt đầu nên tìm hiểu các khái niệm để hiểu rõ hơn cách thức đầu tư của Edward Thorp Review từ độc giả Dương Hiển Minh I've come to believe very strongly that any knowledge that cannot be used in the real world is useless. Application of knowledge to solve real world problems - for individualistic gain or otherwise - satiates our desire to exist. As Munger says, we have a high moral responsibility to understand human systems and act rationally. In this regard, Thorp's autobiography is an illustrative guide to finding meaning in life - not through spirituality, but through curiosity and application of the inquisitive mind to understand the world around it.