- Hardcover: 416 pages
- Publisher: Random House (24 January 2017)
- Language: English
- ISBN-10: 1400067960
- ISBN-13: 978-1400067961
- Product Dimensions: 16.3 x 3.6 x 24.1 cm
- Customer Reviews:
- Amazon Bestsellers Rank: #61,163 in Books (See Top 100 in Books)
A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and 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.”—The Wall Street Journal
“So entertaining . . . pretty wonderful . . . Thorp’s manner of thinking and doing . . . is an inspiration in these confused times.”—Bloomberg.com
“[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”—
“[A Man for All Markets is] the kind of thing any would-be investor, to say nothing of casino cowboy, ought to read. Thorp’s in-the-trenches account of gaming the system(s) is a pleasure—and instructive, too.”—Kirkus Reviews
“An amazing book by a true icon . . . Edward O. 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
“Whether you are an aspiring professional player, a casual gambler, or an occasional visitor to Las Vegas, you can feel the impact of Edward O. Thorp’s intellect on that desert city. In 1962, Thorp published the classic book Beat the Dealer. The text was based on Thorp’s original research that stemmed from his curiosity about the game of 21 and was billed as a how-to book for the layperson to beat the casinos at blackjack. Simply stated, it changed everything. A Man for All Markets chronicles Thorp’s 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, Alea Consulting Group
“What a CV! Figure out how to win at blackjack using card counting? Check. Build the world’s first wearable computer? Check. Find the formula for valuing financial options but use it to make money rather than win a Nobel Prize? Check. This book is in part the gripping story of how one man’s genius and dedication has solved so many problems in diverse fields. But more important, it’s a fascinating insight into the thought processes of someone with little interest in fame, who has mostly stayed under the radar, yet who has followed his inquisitive mind wherever it has led him, and reaped the resulting rewards. There is nothing more important than knowing how to think clearly. Read this book and learn from a master.”—Paul Wilmott, founder, Wilmott magazine
About the Author
Edward O. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. His subsequent book, Beat the Market, co-authored with Sheen T. Kassouf, influenced securities markets around the globe. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every year for twenty-nine years. He lives in Newport Beach, California.
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This brings me to the problem with rating biographical texts. Biographies, individually read, are rarely that "insightful" (for the lack of a better word); the value of biographies comes from reading lots of them and finding patterns because they provide extensive context. If you want to explore Thorp's work more in detail, you'd be better off reading "Beat the Dealer," "Fortune's Formula," and the "Kelly Capital Growth Investment Criterion."
Like any other biography, this one has both exciting and drab bits. The former make a (significantly) larger chunk of the book than the latter. Thorp's writing style is clear; his stories, thrilling.
Top international reviews
Yes it could have been longer, much longer: I read it almost in one sitting, but the ideas he has make for fascinating reading. He is a genius no doubt. He almost single handedly invented the Hedge Fund industry, beat the casinos, and got a pat on the back from none other than Warren Buffett in 1970 no less, who incidentally Thorp correctly predicted way back then would go on to be the richest man in America.
it is also quite likely that he would have been a candidate to be the richest man in America himself had he and his company not inadvertently become embroiled in the Michael Milken scandal and tragically fallen foul of the hyper ambitious Rudy Giuliani.
This was a riveting read and I really hope he publishes another book!
it's impossible not to have great admiration for his lifes work, but found the book a bit flat, which surprised me.
Its ok .. etc.