From his unique vantage point, Edward O. Thorp – a mathematician who became a card shark and then a hedge fund manager – delivers an illuminating insider’s account of Wall Street and what ails it. He brings his singular perspective to bear on all the major financial events of recent years, giving readers an entertaining ringside view on the happenings. Besides enriching investors in his hedge fund, as well as himself, through the use of computers and mathematical models as an early quant investor, Thorp also succeeded at beating the Las Vegas casinos, whose pit bosses used fair means and foul to outdo gamblers. According to Thorp, Wall Street professionals, despite regulations, don’t always play fair, either. Both seasoned and novice investors will enjoy Thorp’s career stories and life lessons.
In this summary, you will learn
- How author Edward O. Thorp took on Las Vegas casinos and the financial markets, and won at both,
- What he believes has caused financial market mishaps in recent decades, and
- What advice he offers on how to become a better investor.
About the Author
Edward O. Thorp is the author of Beat the Dealer and the co-author of Beat the Market.