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

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Episoder(326)

079: Raoul Pal – The Biggest Financial Experiment the World has Ever Seen, Explained by a Global Macro Investor

079: Raoul Pal – The Biggest Financial Experiment the World has Ever Seen, Explained by a Global Macro Investor

Raoul Pal has a history rooted in the hedge fund industry, and with him, he carries more than 25+ years of experience in financial markets. For a number of years he worked at Goldman Sachs where he co...

30 Jun 20161h 9min

078: Jack Schwager – The Making of Market Wizards, and Wisdom From Elite Traders

078: Jack Schwager – The Making of Market Wizards, and Wisdom From Elite Traders

As I’m sure you already well aware, Jack Schwager has been involved with financial markets for many years, he’s the author of the acclaimed Market Wizards series and others, and he’s also the co-found...

22 Jun 20161h 34min

077: Dennis Dick – How to be a Profitable Short-Term Trader in a High Frequency World

077: Dennis Dick – How to be a Profitable Short-Term Trader in a High Frequency World

You’re about to hear a really interesting conversation I had with Dennis Dick. Dennis first started out meddling with penny stocks, before soon joining a well-established prop firm known as; Bright Tr...

16 Jun 20161h 10min

076: Saul Knapp – Insight From a Former-Risk Manager of 120+ Prop Traders, and Spread Trading

076: Saul Knapp – Insight From a Former-Risk Manager of 120+ Prop Traders, and Spread Trading

Our featured guest for this weeks interview is, Saul Knapp. Saul originally started out as a runner on the floor of the LIFFE exchange (in London), when he was just 16 years old. Later moving on from ...

9 Jun 201645min

075: Dan Aisen – The Mechanics of a Dark Pool, and a Quest to Make Markets “Fair” w/ IEX Co-Founder

075: Dan Aisen – The Mechanics of a Dark Pool, and a Quest to Make Markets “Fair” w/ IEX Co-Founder

For this episode, I had the great pleasure of speaking with Dan Aisen—one of the co-founders of IEX, and one of Forbes’ 30 Under 30 in Finance (2015). Dan got his start at RBC where he developed their...

2 Jun 20161h 6min

074: John Walsh – Pocketing $100k From a Trading Comp, and Making Simplicity a Priority w/ the Black Cabbie Trader

074: John Walsh – Pocketing $100k From a Trading Comp, and Making Simplicity a Priority w/ the Black Cabbie Trader

My guest this week is John Walsh, aka The Black Cabbie Trader. The backstory of John; in 2012 he entered a competition—the City Index Trading Academy. The idea was to take a group of people with very ...

26 Mai 201646min

073: Charlie Bathgate – What to Emulate From Pro Traders, Humility, Psychology and Biohacking

073: Charlie Bathgate – What to Emulate From Pro Traders, Humility, Psychology and Biohacking

For Charlie Bathgate, trading has been a part of his life since as far back as he can remember—his father was an options market maker, and not to mention his brothers and sister work major-roles in th...

19 Mai 20161h 6min

072: Rob, @DiscoveryTrader – Why Risk Management is King, and Why Gambling Isn't Such a Dirty Word

072: Rob, @DiscoveryTrader – Why Risk Management is King, and Why Gambling Isn't Such a Dirty Word

This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group. Rob is an active futures traders and is what most...

12 Mai 20161h 14min

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