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Man for All Markets: Beating the Odds, from Las Vegas to Wall Street [Kietas viršelis]

4.24/5 (7523 ratings by Goodreads)
  • Formatas: Hardback, 432 pages, aukštis x plotis x storis: 234x153x35 mm
  • Išleidimo metai: 09-Feb-2017
  • Leidėjas: Oneworld Publications
  • ISBN-10: 1786070286
  • ISBN-13: 9781786070289
Kitos knygos pagal šią temą:
  • Formatas: Hardback, 432 pages, aukštis x plotis x storis: 234x153x35 mm
  • Išleidimo metai: 09-Feb-2017
  • Leidėjas: Oneworld Publications
  • ISBN-10: 1786070286
  • ISBN-13: 9781786070289
Kitos knygos pagal šią temą:
Learn the tricks of the trade from a gambling and investment legend





The New York Times bestseller





Mathematics professor. Professional gambler. Tech inventor. Hedge fund heavyweight. Bestselling author. Edward O. Thorp is one of a kind.





In a remarkable career, Thorp rose from nothing to become a professor at MIT, invented card counting and the worlds first wearable computer, beat the casinos of Las Vegas at blackjack and roulette, then became a bestselling author and a hedge fund heavyweight, ushering in a revolution on Wall Street. Now he shares his incredible life story for the first time, revealing how he made his fortune and giving advice to the next generation of investors. An intellectual thrill ride, replete with practical wisdom, A Man for All Markets is a scarcely imaginable tale of ludicrous success.





An extraordinary autobiography which reads like a novel. John Kay, author of Other Peoples Money

Recenzijos

Thorp secured prizes, scholarships a professorship and assassination attempt by the mob[ A] rattling read. * Business Life (British Airways magazine) * A lively read. * MoneyWeek * An amazing book by a true icon; Thorp launched revolutions in Vegas and on Wall Street by turning math into magic, and here he weaves his own life lessons into a page turner as hot as a deck full of aces. Loved it! -- Ben Mezrich, New York Times bestselling author of Bringing Down The House and The Accidental Billionaires An extraordinary autobiography which reads like a novel and contains insights into what has gone wrong with the financial system along the way. -- John Kay, author of Other Peoples Money In A Man for All Markets, [ Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment. * Wall Street Journal * Ed Thorp takes us on an incredible journey as we learn how to beat blackjack, roulette, and then Wall Street, stop off to have dinner with a young Buffett, unmask Madoff before anyone else, and so much more. More important, its all fun, fascinating and filled with lessons we can all use to be more successful in business and life. Learn and enjoy, I did! -- Joel Greenblatt, author of the New York Times bestseller The Little Book that Beats the Market In A Man for All Markets, [ Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment. * Wall Street Journal * The gripping story of how one mans genius and dedication has solved so many problems in diverse fieldsThere is nothing more important than knowing how to think clearly. Read this book and learn from a master. -- Paul Wilmott, founder, Wilmott Magazine Whether you are an aspiring professional player, a casual gambler, or an occasional visitor to Las Vegas, you can feel the impact of Professor Ed Thorps intellect on that desert city. In 1962, Thorp published the classic book Beat the Dealer. The text was based on Thorps original research that stemmed from his curiosity about the game of 21, and was billed as a how to book for the lay person to beat the casinos at blackjack. And simply stated it changed everythingThe book chronicles Thorps heroic-like arc from his humble beginnings growing up in a family that struggled to get by first in the cold winters of Chicago and later in the sun soaked cities of southern California, where he excelled in a variety of high school science courses and ultimately earned a scholarship for his exceptional talents in physics on through his professional career as a gaming guru, and ultimately to his amazing success in a stock market-centered career, where he would take his knowledge and understanding of games of chance and apply it to the biggest casino in the world, Wall StreetA Man for All Markets chronicles Thorps personal journey in navigating the unexpected and sometimes dangerous obstacles that come along with challenging the status quo of a wealthy corporate adversary. -- Nicholas G. Colon, Professional Advantage Gambler and Managing Director of Alea Consulting Group, a casino gaming consulting firm Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders. * Library Journal * The kind of thing any would-be investor, to say nothing of casino cowboy, ought to read. Thorps in-the-trenches account of gaming the system(s) is a pleasure and instructive, too. * Kirkus *

Preface ix
Foreword xi
Chapter 1 Loving to Learn
3(18)
Chapter 2 Science Is My Playground
21(24)
Chapter 3 Physics and Mathematics
45(16)
Chapter 4 Las Vegas
61(5)
Chapter 5 Conquering Blackjack
66(14)
Chapter 6 The Day of the Lamb
80(17)
Chapter 7 Card Counting For Everyone
97(15)
Chapter 8 Players Versus Casinos
112(10)
Chapter 9 A Computer That Predicts Roulette
122(14)
Chapter 10 An Edge At Other Gambling Games
136(9)
Chapter 11 Wall Street: The Greatest Casino On Earth
145(10)
Chapter 12 Bridge With Buffett
155(11)
Chapter 13 Going Into Partnership
166(19)
Chapter 14 Front-Running The Quantitative Revolution
185(9)
Chapter 15 Rise ...
194(10)
Chapter 16 ... And Fall
204(9)
Chapter 17 Period Of Adjustment
213(13)
Chapter 18 Swindles And Hazards
226(7)
Chapter 19 Buying Low, Selling High
233(13)
Chapter 20 Backing The Truck Up To The Banks
246(5)
Chapter 21 One Last Puff
251(7)
Chapter 22 Hedging Your Bets
258(9)
Chapter 23 How Rich Is Rich?
267(10)
Chapter 24 Compound Growth: The Eighth Wonder Of The World
277(5)
Chapter 25 Beat Most Investors By Indexing
282(8)
Chapter 26 Can You Beat The Market? Should You Try?
290(11)
Chapter 27 Asset Allocation And Wealth Management
301(12)
Chapter 28 Giving Back
313(6)
Chapter 29 Financial Crises: Lessons Not Learned
319(16)
Chapter 30 Thoughts
335(7)
Epilogue 342(2)
Appendix A The Impact of Inflation on the Dollar 344(3)
Appendix B Historical Returns 347(3)
Appendix C The Rule of 72 and More 350(2)
Appendix D Performance Of Princeton Newport Partners, LP 352(3)
Appendix E Our Statistical Arbitrage Results For A Fortune 100 Company 355(2)
Acknowledgments 357(2)
Notes 359(18)
Bibliography 377(2)
Index 379
Edward O Thorp is the New York Times bestselling author of Beat the Dealer and a former professor of mathematics at MIT, UCLA and the University of California, Irvine. He lives in Orange County, California.