
A Man for All Markets
From Las Vegas to Wall Street, How I Beat the Dealer and the Market
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Narrated by:
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Edward O. Thorp
About this listen
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 child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success - and mathematically unassailable method - caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed.
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.
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.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2017 Edward O. Thorp (P)2017 Random House AudioCritic reviews
Loved it
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Learning from someone much smarter than I am
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And for the story, few can legitimately crack down on the so called experts that time and time again keep getting things wrong and end up blowing the economy as Mr. Thorp can. He has seen them all come and go in his lifetime. I’ve gotten a lot of insights and some strong principles I hope to consistently implement into my life.
The best book for navigating a world full of charlatans
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An amazing book.
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i personally found his early life experiences the better part of the book and drifted over some of the deep dry maths stuff.
the integrity he showed is of a bygone era but is an inspiration to us all. he would be a great dinner table guest.
a brilliant mind with intregity
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Interesting
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Spoilt by the performance
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a book that changed my life.
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In particular, author describes: 1. Process for counting cards in BlackJack (and the maths behind it) 2. Several different arbitrage techniques his funds used throughout his lifetime 3. A review of the crashes from 1929 - 2008 4. An overview of the things to looks for when determining the intrinsic value of equities. 5. Astute observations of the ways in which, like casinos, those in financial markets cheat.
My only cautionary note is: this book is both an autobiography and an instructive manual. If you want both, start from beginning -> end. If you're only interested in finance or gambling I'd recommend skipping straight to those sections.
One of the best investing books out there
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A Fascinating Memoir
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