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

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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.

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

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. Pondering a conversation between Joseph Heller and Kurt Vonnegut and other parting thoughts. [1:26:37] Ed Thorp is a genius and will one day be recognized, officially, as one of the greatest minds of the 20th (and early 21st) century.

Acadia’s Open-Source Risk Engine (ORE) – How its Expanded Functionality Provides a Real Choice for Firms 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.

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

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

A Random Walk Down Wall Street / Boglehead's Guide to Investing [et al] (Everything about index funds) Though we were poor, my parents valued books and managed to buy me one occasionally. My father made challenging choices. As a result, between the ages of five and seven I carried around adult-looking books and strangers wondered if I actually knew what was in them. One man put me to an unexpected and potentially embarrassing test.

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

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. 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.

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. Gulliver’s Travels was a special favorite, with its tiny Lilliputians, giant Brobdingnagians, talking horses, and finally the mysterious Laputa, a flying island in the sky supported by magnetic forces. I enjoyed the vivid pictures it created in my mind and the fantastical notions that spurred me to imagine for myself further wonders that might be. But at the time Swift’s historical allusions and social satire mostly escaped me, despite explanations by my father. What method did Edward and Claude devise to beat roulette with the assistance of what MIT considers to be the first wearable computer? [15:11]