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)

063: Nicola Duke – Strong Determination, Preserving Mental Capital, and Professionally Trading Futures

063: Nicola Duke – Strong Determination, Preserving Mental Capital, and Professionally Trading Futures

Here we are, episode 63 and I have another brilliant (and very experienced) guest lined up for you this week. Her name is Nicola Duke, or @NicTrades on Twitter. She’s a professional swing trader from ...

10 Mar 201644min

062: Tracy, @ChiGrl – Pairing Technicals & Fundamentals, and The Life of a Hardcore Crude Oil Trader

062: Tracy, @ChiGrl – Pairing Technicals & Fundamentals, and The Life of a Hardcore Crude Oil Trader

For this episode, I spoke with a trader who has spent many years in the financial hub of Chicago; Tracy – otherwise known as @ChiGrl on Twitter. Tracy is a technical intraday trader, but also tracks f...

3 Mar 201641min

061: Ari Pine – A Scientific Trading Perspective, Process Over Outcome, and The Law of Large Numbers

061: Ari Pine – A Scientific Trading Perspective, Process Over Outcome, and The Law of Large Numbers

Ari Pine has many years of real market experience on his side, and during this time he’s traded a whole range of markets in various positions and roles… Some of those include; working at J.P. Morgan, ...

25 Feb 20161h 12min

060: Peter Tuchman – 30 Years on the NYSE: A Lesson in History with Wall St’s Most Photographed Man

060: Peter Tuchman – 30 Years on the NYSE: A Lesson in History with Wall St’s Most Photographed Man

Here we are at episode 60, and my guest is Peter Tuchman, aka the ‘Most Photographed Man on Wall Street’. Peter is a broker on the floor of the New York Stock Exchange, and he’s worked there for the p...

18 Feb 20161h 19min

059: Daniel Goldberg – Being Alert to Market Conditions, and Trading Within a Prop Firm

059: Daniel Goldberg – Being Alert to Market Conditions, and Trading Within a Prop Firm

This weeks guest is Daniel Goldberg, an active trader and partner at Futex – a proprietary trading firm located in London, UK. Dan has been involved with financial markets since 1995 (straight out of ...

11 Feb 20161h 14min

058: Paul Singh – Planning and Preparation: Failing to Plan is Planning to Fail

058: Paul Singh – Planning and Preparation: Failing to Plan is Planning to Fail

This week I spoke with Paul Singh, a long-time trader who has been doing this since his college days. Over the years he’s traded stocks, options and futures, but now tends to focus purely on stocks. I...

4 Feb 201654min

057: Jesse, @PsychoOnWallSt – $500k of “Beginner’s Luck” and How to Thrive as a Part-Time Trader

057: Jesse, @PsychoOnWallSt – $500k of “Beginner’s Luck” and How to Thrive as a Part-Time Trader

This week, I have a really interesting guest on the podcast; his name is Jesse, but in the Twittersphere he goes by @PsychoOnWallSt. (a play on the cult film American Psycho) A couple things you shoul...

28 Jan 20161h 2min

056: Matt Zimberg – The Makeup of Successful Traders & Observations From a Veteran Broker

056: Matt Zimberg – The Makeup of Successful Traders & Observations From a Veteran Broker

This weeks guest is Matt Zimberg – the founder of Optimus Futures, a boutique brokerage firm. Matt has been deeply involved in the business of trading since his early 20’s, and while he’s no longer an...

21 Jan 20161h 26min

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