EP 153: Legendary Mathematician Edward Thorp on Card Counting, Quantitative Investing & Catching
Edward O. Thorp is the legendary mathematician who invented quantitative investing, card-counting, and the first wearable computer. Today he discusses how he used mathematics to win at blackjack, some of the tricks casinos employed to try and thwart his methods, and how he created the first wearable computer in order to beat casinos at roulette. Then he reveals how he used his math skills to become one of the best hedge fund mangers in the world, why he sees Wall Street as the biggest casino of all, and why he’s skeptical of the so called "wisdom of markets." Plus Ed Thorp shares how he figured out Bernie Madoff was a con man, his calculations on the 2016 election, and his odds on whether there’s an afterlife.
Order Edward Thorp’s book A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market on Amazon or download the audio version for free with a special offer for our listeners at www.audibletrial.com/kickassnews. You can visit Edward Thorp’s website at www.edwardothorp.com.
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