109: Edward Thorp – The Man Who Beat the Dealer, and Later, Beat the Market
Chat With Traders26 Tammi 2017

109: Edward Thorp – The Man Who Beat the Dealer, and Later, Beat the Market

I’m not sure how to best say this, but Edward Thorp, is kind of a big deal… Not only in the world of financial markets, but he’s also a household name amongst the gambling scene. He’s the man who beat the dealer, and later, beat the market. It was during the late-50’s and early-60’s, when Ed, a math genius and professor at MIT, took on the challenge of discovering a way to get an edge playing gambling games such as blackjack, roulette and baccarat. Long story short; Ed won—and he’s now considered the father of card counting. From there, the next obvious move for Ed was to take on financial markets—which he also did with a great degree of success. His first hedge fund, Princeton Newport Partners, achieved an annualized return of 19.1% (before fees) over a 19-year period, with 227 of 230 months being profitable—the worst monthly loss being less than 1%. Ed’s most recent book, A Man For All Markets, is now available on Amazon. -- Sponsored by TradeStation.com – The online broker for professional market monitoring tools, an award-winning platform and low trading costs. Learn more about your ad choices. Visit megaphone.fm/adchoices

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260: Patrick Petersson - Breathing In, Breathing Out Intuitive Hits on the Markets

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259: Lukas Frohlich (The Short Bear) - Executing Agenda Trading Strategy for Stratospheric Returns

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257: David Capablanca - Crafting the Art of Shorting Scams

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256: Louisa Nicola - Supercharging the Brain and Body with Peak Performance Habits

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255: Vincent Bruzzese (aka Hari Seldon) - From Working in Hollywood to Burning the Gambler's Mindset

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254: Christian Carreon - Kidney Disease, Poverty, and Jail Time to Going All In On the Markets

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253: Patrick Boyle - Lessons from Financial History and False Expectations in the Markets

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