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Old 01-12-2017, 03:29 PM   #1
Alternate Identity
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A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

Feeling that Beat The Dealer was published so long ago, I thought Edward Thorp must be dead by now. Wrong.

He is coming out with his autobiography in about two weeks.

https://www.amazon.com/Man-All-Marke...FHG4BBHCHT3TXN

Last edited by Alternate Identity; 01-12-2017 at 03:35 PM.
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Old 01-14-2017, 06:17 PM   #2
rivercitybirdie
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Re: A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

isn't it out in kindle format already? i see book reviews on A.com

didnt realize he made a fortune in convertible bonds in addition to card counting (probably didn't make a "fortune" in card counting, but he is renowned for it)
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Old 01-14-2017, 07:35 PM   #3
Alternate Identity
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Re: A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

Quote:
Originally Posted by rivercitybirdie View Post
isn't it out in kindle format already? i see book reviews on A.com

didnt realize he made a fortune in convertible bonds in addition to card counting (probably didn't make a "fortune" in card counting, but he is renowned for it)
Those seem to be pre-release reviews by Amazon Vine customers. Top customers get copies of items to review.
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Old 03-16-2017, 05:32 PM   #4
lwlee
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Re: A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market

Big thumbs up. Didn't realize how prolific Thorp was in the investment community. I google his net worth. Apparently it's estimated at $800 million. Not sure how they came up with that number. Might be half ass. But definitely $100 million or more seems for sure.

List of amazing accomplishments.
1. invented card counting or at least first publish it. (just the start :O )
2. devised system to beat baccarat. side bets were beatable. forced casinos to stop side bets.
3. devised system to beat roulette with Claude Shannon (:O )
4. one of the first quants doing stat arbs back in the late 80s/90s.
5. figured out black-scholes formula before Merton/Scholes published Nobel Prize thesis.
6. his version was better but he decided this time to keep it proprietary.
7. figured out Bernie Madoff was a fraud in 1992. Diligent research proves it was a scam but didn't feel he could convince incompetent SEC to do anything.
8. he was vetted by Warren Buffett back in 60s. Knew Buffett was going to be super rich.
9. incorporated factor analysis into his stat arb strategy back in the 90s. it's now a hot topic among hedge funds.

He should be in the applied mathematics Hall of Fame.
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