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

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

Episoder(319)

316 · The Turning Points That Shaped Great Traders

316 · The Turning Points That Shaped Great Traders

Over the years, we’ve recorded hundreds of conversations with traders across different markets, strategies, and generations. And while no two trading paths look the same, certain moments tend to repea...

29 Jan 24min

315 · Jamaal Ghauri -  From Early Crypto to 0DTE Options: Fast Money, Fast Reality

315 · Jamaal Ghauri - From Early Crypto to 0DTE Options: Fast Money, Fast Reality

We’re joined by Jamaal Ghauri, a trader and fund manager who began his journey unusually early — first exposed to crypto markets as a teenager during Bitcoin’s early adoption phase, before moving into...

5 Jan 59min

314 · In the Middle: The Demons We Trade With

314 · In the Middle: The Demons We Trade With

A quiet, end-of-year reflection on the middle stage of trading — where progress is subtle, patterns are familiar, and the real work happens internally. Sponsor of Chat With Traders Podcast: ●    ...

26 Des 20256min

313 · Doug Colkitt - When Crypto Markets Break: Liquidations, Leverage, and Markets Under Stress

313 · Doug Colkitt - When Crypto Markets Break: Liquidations, Leverage, and Markets Under Stress

In this episode, we examine what actually happens when crypto markets break — how leverage builds beneath the surface, liquidity disappears, and liquidation cascades turn volatility into systemic fail...

16 Des 20251h 8min

312 · Vincent Bruzzese - Battling Irrational Markets - and the Battle Within

312 · Vincent Bruzzese - Battling Irrational Markets - and the Battle Within

Returning guest Vincent Bruzzese — trader, former statistics professor, poker player, and former Hollywood behavioral analyst — joins Tessa for a candid discussion about navigating one of the most nar...

29 Nov 20251h 28min

311 · Christian Carreon - Patience Inside the Box: The Calm Before the Break

311 · Christian Carreon - Patience Inside the Box: The Calm Before the Break

Christian Carreon returns to Chat With Traders nearly three years after his first appearance, where he shared his remarkable journey through stage-five kidney failure and the discipline it forged in h...

18 Nov 20251h 18min

310 · Dr. Efrat Levy - Fingerprinting the Big Players: Inside the Hidden Order Flow

310 · Dr. Efrat Levy - Fingerprinting the Big Players: Inside the Hidden Order Flow

Dr. Efrat t Levy is a cybersecurity expert with a PhD in Computer Science and AI from Ben-Gurion University—one of Israel’s top tech institutions. After years studying how to detect hackers through si...

30 Okt 20251h 36min

309 · Diego Ivan Cortes Lopez - Winning Through Losing: When 30% Is Enough

309 · Diego Ivan Cortes Lopez - Winning Through Losing: When 30% Is Enough

How a trader from Dallas built consistency—and a simple lifestyle of freedom in Southeast Asia—with a 30% win rate.  Diego Ivan Cortes Lopez grew up chasing perfection on the tennis court, where winni...

21 Okt 20251h 3min

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