Thorp Jr. Thorp. Thorp has been called “the father of card. Even at 87 years old, Edward Thorp is still active in the trading world. The Kelly Money Management System. The boy had a phenomenal memory, and as early as 5 years old he could solve examples with three-digit numbers. In the 1960s while teaching at MIT, he invented the first wearable computer as a device to predict the outcome of roulette rounds. In a conversation with me, he elaborated on how remarkable his journey has been, and how supportive his wife Vivian was in all of his endeavors until her death in 2011. The game was blackjack. Synopsis. Edward O. Eminent investor Ed Thorp says most investors do not understand the probability calculations required in investing to amass superior returns and achieve investment success. Ed showed that it was a way to make money, Scholes that it was. Thorp's Basic Strategy table currently appears on BlackjackInfo. Tapper930 ( talk) 02:26, 25 June 2018 (UTC) [ reply] I'm pretty sure that (English) Wikipedia had no mention of the Ed Thorp trophy at all until September 2011, when I added text to the Overtime_ (sports) article regarding the NFL's early tiebreaker/overtime rules, quoting the New York Times. He was the loving son of Edward M. 爱德华·奥克利·索普（英语： Edward Oakley Thorp ，1932年8月14日 — ），昵称爱德·索普（ Ed Thorp ），是一名美国 数学教授、作家、对冲基金管理者、以及廿一点玩家。 他深入发展了现代的机率论，并应用于金融市场中。. Kassouf,. It was. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Please enjoy this transcript of my interview with Ed Thorp (@EdwardOThorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. ThisJanuary 9th, 2020, 10:19 AM PST. 256:Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. But you can analyze both using math, statistics, and computers. 00 brokerage account can conduct his own investment program. #124: Howard Marks,. Professor, Pediatrics. an exercise in finance because it will support the research of an individual. He was a pioneer in modern applications of probability theory, including the harnessing of very. He is regarded as one of the best hedge fund managers in the world. His subsequent book, Beat the Market, coauthored. His original fund, Princeton Newport Partners, ran for nineteen years with only three down months [the largest loss was below 1%]. My Interview with Edward Thorp. But economists, psychologists and decision-theorists have no genius (unless one counts the. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. The World Championship Of Blackjack. 0. Thorp has long left the gambling world behind. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. This content is exclusively for paying members of H edge Fund Alpha Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the T op Hedge Funds and Maximize Your Portfolio Growth with. My first three sections cover his views on investing, risk and market inefficiencies. Nobel Prize. And yet, it is vaguely dissatisfying. Thorp is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Ed Thorp’s Advice on How to Live a Good Life. Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. It's 1964 and Edward Thorp is on the television game show To Tell The Truth, sitting alongside two other well-dressed men also claiming to be Edward Thorp, a man so adept at card counting that he. Edward O. “I picked up Ed [Thorp’s] book in early 1966. Ed Thorp – A Genius Blackjack Player. Johnny HopkinsJuly 5, 2022 Ed Thorp Leave a Comment. Abraham de Moivre. Phone +1 312 503 4309. Richer, Wiser, Happier brings together the thinking of many of the greatest investment minds, from Sir John Templeton to Charlie Munger, Jack Bogle to Ed Thorp, Will Danoff to Mohnish Pabrai, Joel Greenblatt to Howard Marks. Here’s 10 of our favorite episodes: #39: Ed Thorp, Hedge Fund Manager, Author, & Professor. The book explores the idea of “inner-directed” and “other-directed” people; Intro. N. Thorp wrote the book on blackjack, and it is no exaggeration. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable. Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Thorp is the author of Beat. If you have $2000 in liquidity or capital at the blackjack table for example, you can’t bet more than $20 a time or else volatility or negative fluctuations can wipe you out and ruin the player edge from. From Mathematician to Vegas’ Worst Nightmare. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . It started the blackjack craze in the 60s. The text was based on Thorp’s original. Northwestern University. July 22, 2017. He is also known for his stint in New Japan Pro-Wrestling (NJPW), where he was the winner of the 2019 Young Lion. Ed Thorp, author of Beat the Dealer and Beat the Market, about winning at blackjack and winning in the stock market, takes a very straightforward approach to writing about his life and it works well. Unlike tell-all quant Thorp, who gave away his trading. Edward Thorp is an American mathematics professor, author, hedge fund manager and blackjack player who has a net worth of $800 million dollars. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. Author: Luke Holmes 14 Dec 2021. Ed Thorp, the father of quant investing, might be the most impressive market wizard. In 1967, Edward Thorpe and Sheen Kassouf came out with their book,. | Feb 11, 2011. Other books by EDWARD O. Chapter 36 in The Kelly Capital Growth Investment Criterion:Theory and Practice, 2011, pp 509-523 from World Scientific Publishing Co. At the Blackjack Ball, Card Counter Dr. I didn’t care about the money. T. Episode 749: Professor Blackjack. In explaining how they think and why they win, this landmark book provides gems of insight that will enrich you not only. Kassouf, influenced securities markets around the globe. I settled into the lawn chair. ThorpEd Thorp’s journey to investing began in a casino. book series, recently called Ed Thorp the best. Edward O. Thorp & Associates, generated an annualized return of 18. com When I was eight years old, my dad caught me trying to cheat at blackjack. Another early Wolfe discovery was Jim Simons, a mathematician and founder of the absurdly successful quant hedge fund Renaissance Capital. Quote. Edward Thorp mặc dù là một nhà thiên tài toán học, đồng thời là bạn thân lâu năm với Warren Buffett nhưng có vẻ Edward Thorp không đồng ý với người bạn của mình trong vấn đề tiếp cận thị trường chứng khoán. He also was the co-inventor of the. Edward Thorp (Edward Oakley Thorp) was born on 14 August, 1932 in Chicago, IL, is an American mathematician. He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer. Edward O. Enter the curse of the Ed Thorp Memorial trophy. And Thorp, who taught math at the Massachusetts Institute of Technology and then at the University of California, Los Angeles, became an instant celebrity who wrote best-selling books about his techniques. If my weight starts creeping up I find myself eating less without even thinking about it. D. Ed Thorp is a mathematician, former professor, hedge fund manager, book writer, and blackjack researcher. What is a warrant? Get rich quick? The warrant-stock diagram. Thorp learned how. 240) Written in 1966, this is THE original gambling book. But he wasn’t trying to become the greatest professional gambler ever. Edward Thorp is older than the other legendary players of blackjack are. Kassouf, influenced securities markets around the globe. Therefore, the optimum position size recommended by the Kelly formula would be, the $20,000 equity multiplied by 49%. Edward Thorp. Verified email at northwestern. The. THORP (2) Since all saddle points have the same value, it follows that there is at most one saddle point. A colleague of his characterized Thorp’s work with the department, “In an era when society. Posted On September 19, 2021 CPP-LUXURY. By Jerry Wagner. EDWARD O. Thorp had figured out a strategy for counting cards, but was left wondering how to optimally manage his wager (in investing parlance, we’d call this position sizing). Thorp, to be the world's first market neutral hedge fund. Ed Thorp, the father of quant investing, might be the most impressive market wizard. It started the blackjack craze in the 60s. A new book, A Mind At Play: How Claude Shannon Invented the Information Age, also looks like a lively read. He received his bachelor's degree in physics from the University of California, Los Angeles (UCLA) in 1953, followed by a master's degree in 1955. His strategy for counting cards gave the player an edge over the house. Thorp’s second hedge fund, Edward O. '. The man greeting me in his Newport Beach business office stands ramrod straight with the studied mien of a mathematics professor — which he was at. Random House, 2017. Welcome to video 6 in our series of People Who Got Rich from Sports Betting. After 30+ years of successful trading, he’s currently worth $800 billion. Professor Thorp states: “After playing blackjack there were things that I. Shutterstock. Edward O. Trade smaller during losing streaks and increase your trade size only after you start to win again. All Edward Thorp wanted was to be a math professor. Although if you ask casino owners about him, they know him as the man who took a serious amount of cash from their pockets. Episode #39: Ed Thorp, Hedge Fund Manager, Author, & Professor, “If You Bet Too Much, You’ll Almost Certainly Be Ruined” Guest: Ed Thorp is an American mathematics professor, hedge fund manager, and blackjack player. The year was 1949, and it was a three-day train ride to Washington, D. . The cigarette pack. One of the most influential books of all time on Wall Street, whose methods launched “the quant” revolution of modern quantitative finance. Jeffrey Thorp, the New York hedge fund manager charged this week with manipulating nearly two dozen small-cap private placements, has a gambler's pedigree. He revolutionized gambling as he proved how to beat blackjack with card-counting and invented the first. Rotando and Edward O. His subsequent book, Beat the Market, coauthored with Sheen T. He was a mathematics professor in Chicago, and he was always passionate about this than about. Death was caused by a cerebral hemorrhage. Todd Proebsting emailed Ed Thorp asking about this. The story went viral. The New York Giants won the first Ed Thorp Memorial Trophy in 1934. Quote from an interview: Q: What’s in your portfolio now? A: One good stroke of good fortune was meeting Warren Buffett in 1968. Thorp was born in Chicago, Illinois on August 14, 1932. His father, Edward Thorp, helped found. The idea of a possible win seduces many gamblers, but the deck is usually stacked against them, leading to inevitable losses in the long run. About Edward O. 3. Card counting is simple on paper and maddeningly hard in practice. Here’s some great investing insights from Ed Thorp, author of Beat the Dealer and A Man for All Markets, from his interview with Jack Schwager in his book – Hedge Fund Market Wizards. Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in 1961. T. Thorp’s lark-filled account of his pioneering career as a gambler and inventor of stock-trading tools, he tells us that “gambling is investing simplified. His original fund, Princeton Newport Partners, ran for nineteen years with only three down months [the largest loss was below 1%]. His subsequent book, Beat the Market, coauthored with Sheen T. Edward Thorp Cardiac Allograft Vasculopathy (CAV) is a leading contributor to late transplant rejection. He is regarded as one of the best hedge fund managers in the world. This book doesn't just show. The quantitative investment pioneer gave a recent talk and interview at Winton that recounted his remarkable career and collaboration with the so-called 'Father of Information Theory'. Reprinted countless times, Thorp's Blackjack Basic Strategy chart is a useful tool for knowing when to hit, stand, split, or double down. He invented the original method for beating it! He and Kimmel made $11,000 during their first weekend of using the Thorp Count. Edward O. Edward O Thorp is widely known as the author of the 1962 Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the 1967 Beat the Market, which showed how warrant option markets could be priced and beaten. During his visit, the recent PhD in mathematics. In vivo, the lab interrogates the function of innate immune cell phagocytes, including macrophages, as they. Edward O. - Alex Barrow. The House Take In The Options Market A Proposition Bet With Dice. The story went viral. Thorp, a Massachusetts Institute of Technology (MIT) mathematician, applied blackjack strategies to investing. Share to Linkedin. Thorp for over 4 years. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully used by professional and amateur card players for two generations. It’s not so much about reaching a goal but rather about the journey itself and the experiences along the way', 'In the abstract, life is a mixture of chance and choice. Another early Wolfe discovery was Jim Simons, a mathematician and founder of the absurdly successful quant hedge fund Renaissance Capital. Yeston Editor, Insights Lis . Edward Thorp was born in 1932 in Chicago to a family of immigrants from Sweden. Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in 1961. This Mathematic professor had an amazing card. Edward Thorp was born August 14, 1932 in Chicago. Chong ditor Laure Kmec DEPUTY ITORS Gemma. But that was not quite the case – bar digital gambling, the big games in casinos were all the same. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. D. 04 about a tenth of the time, -and occasionally (probability exceeds CJ_S6. Where they align is in their belief that the market is beatable. Here I summarise the investment lessons imparted by Ed Thorp in his book “A man for all markets”1. 34 THE BEST OF WILMOTT realized that the player’s expectations would fluctuate, under best strategy, depending on which depleted pack was being used. Edward Thorp is one of the most well known figures on Wall Street. The quantitative investment pioneer gave a recent talk and interview at Winton that recounted his remarkable career and collaboration with the so-called 'Father of Information Theory'. Ronald Thorpe passed away in Victoria, British Columbia. Louis M. This recording is from: Dec 18, 2019Edward O. Edward O. He turned seemingly random processes into predictable events, transforming. His domination in the financial world began in the casino. This raises the following: 1) The Black-Scholes-Merton was just a neoclassical finance argument, no more than a thought experiment3, 2) We are not aware of traders using their argument or their version of the formula. In his 1960s book Beat the Dealer, Edward O. Thorp invented card counting, proving that you could do the seemingly impossible—beat the dealer at the blackjack table—and in doing so launched a gambling renaissance. Throughout his venerable career. Edward O. Thorp. Reading the financial pages. The 10 Count was first originated by Edward Thorp, a former mathematics professor at MIT who is considered to be the man who created modern card counting. He condensed the main features of the strategy onto a card that fit into the palm of his hand and played blackjack for the first time. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of Fame in 2002. Recently he made a nice donation to the Blackjack Ball, which ensures the continuance of the ball even after it’s founder, Max Rubin, passes away. He is regarded as one of the best hedge fund managers in the world. After starting out as an American mathematics professor, he soon became a very successful quantitative hedge fund manager as well as a blackjack and roulette player. Edward Thorp has always had a knack for finding artists. By the time the buildings are in full sun I make the 3-mile drive to my office in one of them. The obituary was featured in The Times Colonist on April 28, 2016. Red Rock Capital, was honored to have previously worked alongside Dr. com Abstract The first wearable computer was conceived in 1955 by the author to predict roulette, culminating in a joint effort at M. I’ve done a lot of reading and studying about quantitative investment strategies and investors over the years and one of the running themes I’ve found in the various books and articles I’ve read over time is the name Ed Thorp. His landline phone number is (781) 878-2029 and the mobile phone number is (781) 710-6401. He recently sat down with Aaron Brown, Antti Ilmanen and Rodney N. Edward Thorp was a mathematics genius, author, and college professor who started a revolution in Las Vegas as well as on Wall Street, through his card-counting techniques. This experience got him hooked on the game. How to Think for Yourself, A Real Estate Cautionary Tale, Hedge Fund History & Warnings, The Incredible Power of Basic Numeracy (and How to Develop It), Thought Experiments on Risk, Popular Delusions, Cryptocurrencies, & More (#604) tim. Thorp’s accumulated work on gambling. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough - May 25, 2022Beat the Dealer by Edward O Thorp (pp. Edward Thorp Is King. Kassouf, influenced securities markets around the globe. Thorp’s most popular book is Market Wizards: Interviews with Top Traders (Market. 1958年，于洛杉矶加利福尼亚大学取得数学博士学位。Page 1. Writing is the distillation of thought. . Princeton-Newport Partners was founded in 1969 by mathematics genius Edward “Ed” Thorp, best known for developing sophisticated card-counting gambling techniques using probability theory—a skill he put to use in the stock market. St. If they made some money gambling in Vegas it was clearly not thanks to Kelly’s criterion, because Kelly’s criterion clearly (and correctly) states that the optimal bet in Vegas is zero dollar. 00:00:00. Ziemba. Thorp. I was intrigued. But Madoff was a chairman of NASDAQ, the 3rd biggest trader in the US, he was on all types of committees, he was the establishment. My last two sections. If you like gambling, you have surely heard about him. Edward Thorp once hinted that gambling (without a solid strategy) is a fool’s game, largely governed by chance instead of skill or wisdom. Galter Pavilion 675 N. The two basic rules relating warrant prices to stock prices. For Edward Thorp, the comparison has a certain resonance. Tasos Katopodis/Getty Images. Jun 29, 2022. Summary. Edward Thorp in a photo from the 1960’s, is the author of several books including “Beat The Deal” and “Beat The Market. His subsequent book, Beat the Market, coauthored. Before you risk your money, find out what the “Albert Einstein of Gambling” has to say! An analysis of baccarat, backgammon. Edward O. The Black And White Classic Invitational Backgammon Tournament. Ed Thorp is an American maths professor, author, blackjack researcher and founder of one of the first quant hedge funds. In his recent interview with Tim Ferris, Ed Thorp provided a great example of how short-term thinking can cost investors millions. November 14, 2017. He was eventually barred after. Like the Stanley Cup, it was passed from winner to winner each year. 39K Follower s. A child of the Great Depression, legendary mathematician Edward O. 1962; Thorp, 1966; Wilson, 1965) which incorporate past results, are of no interest Theorem 2. Conventional wisdom in the 1950s held. The mathematician, Edward Thorp, described how to figure out the sequence of the cards and how to bet accordingly. And while he may be more famous for his card counting feats, Thorp has carved out a stellar investing career too. M. He has run successful hedge funds since 1969. More from Yuan Yao. A child of the Great Depression, legendary mathematician Edward O. The mathematician, Edward Thorp, described how to figure out the sequence of the cards and how to bet accordingly. Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in 1961. Dr Ed Thorp, born in 1932, tells his incredible life story1. The Edward Thorp Lab studies the crosstalk between immune cells and the cardiovascular system and, in particular, within tissues characterized by low oxygen tension or associated with dyslipidemia, such as during myocardial infarction. Discovered the Black-Scholes formula years earlier than the Nobel Prize winners but didn’t publish it as he felt it was his fiduciary duty to his clients to keep it secret and generate alpha. The SEC checked him every year and gave him a rubber stamp of authenticity. This is the long-awaited publication of Dr. From 1934 to 1969 the NFL champion received the Ed Thorp Memorial Trophy (named for an NFL referee who died in 1934 and was well liked by the higher ups in the league). Journal of Biological Chemistry 286 (38), 33335-33344, 2011. EP 109: The man who beat the dealer, and later, beat the market – Edward ThorpI’m not sure how to best say this, but Edward Thorp, is kind of a big deal…Not. The investor and gambler stocked up and locked down before the rest of the country. With a Ph. Kindle Edition. The final operating version was tested in Shannon’s basement home lab in June of 1961. Thorp Edward O. Collage of Edward O. Optimal growth: Kelly criterion formulas for practitioners 8 3. Member, QSIB - Querrey Simpson Institute for Bioelectronics. The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors,Watch my second interview with Ed Thorp here: | Brought to you by Wealthfront automated investing (woes were also compounded by their excessive use of leverage, as touched upon by Ed Thorp, which could range from 30-to-1 up to 100-to-1, beyond what was recommended by the Kelly criterion. Where they align is in their belief that the market is beatable. The company was a pioneer in quantitative trading techniques, profiting from mispricings in derivatives , and later statistical arbitrage , which involved trading a large number. Sullivan to discuss contemporary challenges and best practices in investing. Originally published at ValueWalk. He published the strategy in Beat the Dealer, which became a best seller. Sullivan to discuss contemporary challenges and best practices in investing. But not many people did. His domination in the financial world began in the casino. Ed Thorp is the first modern mathematician who successfully used quantitative models for risk taking – and most certainly the first mathematician who met financial success doing it. 愛德華·索普. . A few -- e. Louis M. A Man for All Markets: Beating the Odds, from Las Vegas to Wall Street. During his visit, the. Along with innovative applications of probability theory, Thorp is also the New York Times bestselling author of Beat the Dealer, the. (Schwager’s questions in bold and Thorpe’s answers follow). I. Here’s an excerpt from the interview: Thorp: Here’s an example from Real Estate. I strongly recommend listening to the podcast. Thorp, a founding professor of mathematics, hedge fund manager,. Edward O. Edward Thorp is by many regarded as “the first quant”, at least one of the first who successfully used quantitative models for risk-taking. E Thorp, T Vaisar, M Subramanian, L Mautner, C Blobel, I Tabas. Thorp (@EdwardOThorp) is an author, hedge fund manager, and one of the world’s best. Edward O. He is also the author of A Man for All Markets: From Las Vegas to Wall Street,. Thorp: 'Life is like reading a novel or running a marathon. Yes, the Viking were champions of the NFL in the 1969 season and were allegedly given the Ed Thorp Memorial Trophy. Seems that for a time, if the NFL Championship. But there is a lot more to Edward Thorp, so let. Kassouf, influenced securities markets around the globe. (Thorp even wrote a book on counting cards, Beat the Dealer, which mathematically proved that his. Teams would also receive a replica trophy that. Thorp was born in Chicago, Illinois on August 14, 1932. Likes. A croupier deals a card on a blackjack table at a Gaming Partners International Corp. 04, which provides the sum of 0. By R. His first hedge fund, Princeton Newport Partners, earned 19. FT - Ed Thorp: the man who beat the casinos, then the markets. Experience helped him build a systematic approach to investing regardless of market conditions. My Interview with Edward Thorp. Abraham de Moivre . His father was a veteran of World War I, and the senior Thorp had met his future bride after returning home from combat. As a partial thank you, Max told Thorp that he could invite his entire family to this year’s Blackjack Ball if he wanted, totally. He outlines the process in his 1960 book Beat the Dealer and his findings changed the way this game was played once he had demonstrated that there was a winning strategy. Random House Publishing Group, 2017. Years. name is Edward Thorp—the man who beat the dealer, and later, beat the market. Unlike tell-all quant Thorp, who gave away his trading. EP 109: The man who beat the dealer, and later, beat the market – Edward ThorpI’m not sure how to best say this, but Edward Thorp, is kind of a big deal…Not. Rediscovery of the System: Ed Thorp Under a Tree. Edward O. THORP Edward O. , monotone increasing), then is a saddle point for (ad) iff is a saddle point for (4) For each matrix in (2), define + so that it maps ontoThe top three interviews to me were probably Ray Dalio (Bridgewater), Joel Greenblatt (Gotham) and Jamie Mai (Cornwall). 9 Moreover, Thorp showed that if a gambler is o⁄ered 2 to 1 odds, then 4 to 1, then 8 to 1, and so on, the Kelly criterion would have you eventually bet your entire wealth, thus exposing the bettor to a risk of complete ruin of exactly 50%, just as if he was risk neutral. Ed Thorp, the father of quant investing, might be the most impressive market wizard. The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with $2000. Thorp was born in Chicago, Illinois on August 14, 1932. A. Irvine, Calif. You would think gambling was quite different back then than it was now. The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street. Watch my interview with Edward O. Thorp is an American mathematics professor, author, hedge fund manager, and blackjack researcher. By a "favorable game" we mean one in which there exists a strategy such thatThis calls to my mind a conversation I had years ago with Ed Thorp, the mathematics professor who invented blackjack card counting and developed or refined most of the classic quantitative hedge. ” Edward Thorp says his drools were drugged twice at the same casino. Thorp & Associates. Claude Shannon, Ed Thorp, Kelly and Cramér are, no doubt, geniuses –I can vouch for this unmistakable clarity of mind combined with depth of thinking that juts out when in conversation with Thorp. Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. and Kathy (nee Lafferty) of Deptford; adoring brother of Jennifer Thorp-Kershaw of Deptford; grandson of Eleanor "Mickey" Thorp of. e. Introduction 3 2. Ed Thorp used his brilliance at maths to make a fortune from gambling. THORP P„oc. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. Anyhow, Ed Thorp did not really have a connection to. Thorp himself describes it as the process of building a “multidisciplinary collection of insights”. He was a pioneer in modern applications of probability theory, including the. Thorp. E d Thorp memoirs read like a thriller –mixing wearable computers that would have made James Bond proud, shady characters, great scientists and poisoning attempts (in addition to the sabotage of Ed’s car so he would have an “accident” in the desert).