Edward Thorp Hedge Fund
- Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, author, hedge fund manager, and blackjack researcher. Thorp used the IBM 704 as a research tool in order to investigate.
- Contact Us Biography of Edward O. Thorp, PhD A pioneer in quantitative finance and the quantitative revolution in investing, Dr. Thorp is an expert in the fields of game theory, functional.
- Bio of Edward O. Thorp's Hedge Funds. Thorp's Fund of Hedge Funds. Hedge Fund Market Wizards. Articles had to be submitted by a National Academy member.
- Thorp operated his own hedge fund for 30 years. It was called Princeton Newport Partners and was one of the most successful hedge funds before disbanding. Although Thorp left the gambling world, he is.
Rollinger studied quantitative trading system development & analysis under Edward Thorp. While with Thorp, Rollinger was co-portfolio manager and director of trading for a $9 billion institutional investor.
“An amazing book by a true icon; Thorp launched revolutions in Vegas and on Wall Street by turning math into magic, and here he weaves his own life lessons into a page turner as hot as a deck full of aces. Loved it!”
—Ben Mezrich, New York Times Bestselling Author of Bringing Down The House and The Accidental Billionaires
Growing up in a family that struggled to get by, Ed Thorp never imagined that he would become a professor who would mathematically prove how card-counting gives every player an edge; that his discoveries would cause an uproar among casinos; that he would invent the wearable computer; or that he would take his knowledge of gambling to Wall Street, revolutionize investing, and make millions.
And yet, all of that happened.
Meet Edward Thorp
Math professor, inventor, best-selling author, hedge-fund manager, gambler.
Edward Thorp Pdf
Edward O. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. Along with innovative applications of probability theory, Thorp is also the New York Times bestselling author of Beat the Dealer, the first book to mathematically prove that the house advantage in blackjack could be overcome by card-counting. He also pioneered the use of quantitative investment techniques in the financial markets. He lives in Newport Beach, California.
Books by Edward Thorp
Featured Articles by Edward O. Thorp
Mathematical Finance
Functional Analysis
Game Theory
Gambling
Probability & Statistics
Dr Edward Oakly Thorp was born in Chicago, Illinois USA on the 14 August 1932.
He is an American maths professor, blackjack player and hedge fund manager.
His claim to fame was to develop a wearable device which uncovered mathematical advantages at the Blackjack tables. He also mathematically proved that the player could remove the house advantage in blackjack by using card counting techniques.
The Early Years
Thorp studied mathematics at the University of California, Los Angeles and received his PHD in 1958. He worked at the Massachusetts Institute of Technology (MIT) from 1959 to 1961. From 1961 to 1965 he was a professor of mathematics at the New Mexico State University. This was followed by Professor of Maths and Finance at the University of California from 1965 to 1982.
It was here that Thorp used an old IBM computer to work out his blackjack theories.
Playing Blackjack
Edward Thorp Hedge Fund Admiral
Thorp started playing Blackjack at Lake Tahoe, Reno and Las Vegas to test his theories. He won $11 000 in the first week. Furthermore, he got a Baccarat team together, which was also successful.
While working at MIT Thorp met Claude Shannon who co-developed the wearable computer with Thorp, and both of them wore it at various casinos whilst playing Blackjack and Roulette.
Gambling Books
In 1966 Thorp wrote the Book – Beat the Dealer which sold over 700 000 copies and made the New York Times bestseller list. In 1967 he wrote the book “ Beat the Market” which was also very successful.
Where is he Now?
Edward Thorp Hedge Fund
Thorp operated his own hedge fund for 30 years. It was called Princeton Newport Partners and was one of the most successful hedge funds before disbanding. Although Thorp left the gambling world, he is still active in the trading world, and at the age of 87 years old is worth $800 billion.