Investors & Traders · Macro & trading
Ed Thorp
A math professor who beat blackjack with card counting, built the first wearable computer with Claude Shannon to beat roulette, priced options before Black–Scholes, ran one of the first quant hedge funds, and spotted Madoff early.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Counting & combinatorics; Probability (Math); Position sizing (Markets). Next: Jim Simons. Sources: Thorp's *A Man for All Markets* (2017), *Beat the Dealer* (1962), *Beat the Market* (1967).Next: 1. Beating the casino