A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market, Edward O. Thorp (PRH/Random House; RH Audio/BOT; OverDrive Sample) recounts Throp’s life in finance, distilling advice as well as mob-tinged tales.
The Wall Street Journal says the memoir “delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment.”
Thorp, says the New York Post, invented the art of card counting, and incurred the wrath of the casino industry, so successfully that he was targeted for harm when he proved he could beat the house at blackjack. His 1962 guide, Beat the Dealer, sold over a million copies and is still in print.
After his careers in academia and the casinos, Thorp started hedge funds and tangled with Rudy Giuliani, who at the time was the US Attorney for the Southern District of New York. Thorp prevailed and continued his successful career making money.
Holds range from almost 5:1 to 47:1 on modest ordering in systems we checked.