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

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Although I listened to it as an audiobook, I "couldn't put it down", so to speak. Engaging autobiographical story about Ed Thorp. I liked that he spent the first part of his book laying down how his core values and how he perceives the world. It helped in building the world that he lived in, and explained the things that happened to him later in his life.

A Man for All Markets: From Las Vegas to Wall Street, H…

What does independence mean to Edward and how did he spend his time after winding down the investment side of things? [1:22:52]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.

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

Người mới bắt đầu nên tìm hiểu các khái niệm để hiểu rõ hơn cách thức đầu tư của Edward Thorp Review từ độc giả Dương Hiển Minh 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. 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. He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions. After this, the campaign to get me to talk intensified. About the time of my third birthday, my mother and two of her friends, Charlotte and Estelle, took me along with them to Chicago’s then famous Montgomery Ward department store. As we sat on a bench near an elevator, two women and a man got off. Charlotte, keen to tempt me into speech, asked, “Where are the people going?” I said clearly and distinctly, “The man is going to buy something and the two women are going to the bathroom to do pee-pee.” Charlotte and Estelle both blushed deeply at the mention of pee-pee. Far too young to have learned conventional embarrassment, I noticed this but didn’t understand why they reacted that way. I also was puzzled by the sensation I had caused with my sudden change from silence to talkativeness.One of those unique minds who combined amazing innate math abilities with a flair for practical implications, Thorpe would enjoy decades of results that even earned the respect of Warren Buffet. Thorpe dives into any number of related topics including his own tale of spotting the Madoff fraud 20 years before it came to light....noone listened to him either. These traits are visible right from the start. The lengthy descriptions on his own mathematical skills reveal an author who is completely unaware that as good as his analytical abilities are, they are not one in a billion or possibly even one in a million varieties. This trait of glorifying the marginally superior traits/events/investments/ideas hurts the book throughout. This also creates the impression of a person ignorant of his basic flaws and incapable of providing a balanced view of the failures. To a degree, the author’s habit to share credit with only the known greats like Shannon or Buffet creates the image of a person that might have failed to mention numerous others who might have had a bigger influence in his achievements.

A Man for All Markets - Google Books A Man for All Markets - Google Books

Nội dung tốt. tuy nhiên vẫn còn lỗi chính tả .mong anh Thái xem xét in trực tiếp tiêu đề sách lên bìa cứng Review từ độc giả Đức Lê Loved it! Ben Mezrich, New York Times bestselling author of Bringing Down the House and The Accidental Billionaires.What you should be reading and listening to if you want to enact positive change in the world right now — politically or evolutionarily. [1:08:29] chất lượng giấy oknôi dung cho thấy một cách nhìn khá hay về đầu tư Review từ độc giả Nguyen Quoc Viet Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691)

A Man for all Markets – Wilmott A Man for all Markets – Wilmott

The author is an extraordinarily talented and successful person. He is a brilliant theoretician who can justifiably lay claim to a handful of good mathematical theories. He is also a good investor. He has led an interesting life, particularly when he was taking on the casinos. The author has a life story that needs to be recorded for the rest of us. Yet, the way he describes it makes it unbearably one-sided and as if coming from a person too much in love with himself. My father taught me to compute the square root of a number. I learned to do it with pencil and paper as well as to work out the answer in my head. Then I learned to do cube roots. A Random Walk Down Wall Street / Boglehead's Guide to Investing [et al] (Everything about index funds) Thorp] gives a biological summation (think Richard Feynman's Surely You're Joking, Mr. Feynman!) of his quest to prove the aphorism 'the house always wins' is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders" -- Thorp] gives a biological summation (think Richard Feynman’s Surely You’re Joking, Mr. Feynman!) of his quest to prove the aphorism ‘the house always wins’ is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders” —

How rich is rich? 2% p.a. spending of initial principal for compounding an endowment into perpetuity How did Edward suss out that something was fishy about the way the Madoff brothers were doing business 17 years before everybody else finally caught on? [50:58] The book starts with some excellent anecdotes of Thorp working with Claude Shannon. But it falls apart when Thorp starts talking about how special he is. I'm still not sure that he has done much other than make a lot of money, but to Thorp his money apparently is proof of his worth. We're supposed to be impressed by his Ferraris?! Never mind that a lot of his money was made in collaborations with literal criminals. Thorp of course declaims any knowledge of their crimes, as if this makes absolves him of any responsibility. (Thorp also discovered Madoff's Ponzi scheme 18 years before it collapsed—of course he did nothing about it.) The book collapses in the second half, when Thorp shares his utterly pedestrian "insights" on financial markets. If you haven't yet heard of inflation or compound interest, I won't spoil it for you. It was also refreshing to see the life balance mentioned explicitly as I think so many book glamorize the intense work dedication and ignore the often detrimental effects on home life. Pondering a conversation between Joseph Heller and Kurt Vonnegut and other parting thoughts. [1:26:37]