Edward O. Thorp
Edward O. Thorp is an American mathematics professor, author, hedge fund manager, and blackjack player. He is best known for his book 'Beat the Dealer,' which was the first book to prove mathematically that blackjack could be beaten by card counting. Thorp is also known for his work in quantitative finance and for being a pioneer in the development of the first wearable computer.
Books
This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.
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1. Kelly Capital Growth Investment Criterion
Theory and Practice
The book explores the Kelly Capital Growth Investment Criterion, a strategy for maximizing wealth over the long term by determining the optimal size of a series of bets or investments. It delves into the mathematical framework and practical applications of the criterion, providing insights into how investors can leverage this strategy to achieve significant growth in their portfolios. The book also discusses the theoretical underpinnings of the Kelly criterion, its implications for risk management, and its utility compared to other investment strategies, making it a valuable resource for both academic researchers and practitioners in finance.
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2. A Man For All Markets
From Las Vegas to Wall Street, How I Beat the Dealer and the Market
This captivating memoir chronicles the life of a brilliant mathematician and inventor who revolutionized the world of gambling and finance. From his early days as a curious child fascinated by numbers to his groundbreaking work in developing card-counting techniques for blackjack, the narrative unfolds with tales of innovation and adventure. His journey extends beyond the casino floors as he applies his analytical prowess to the stock market, pioneering quantitative finance strategies that challenge conventional wisdom. Through personal anecdotes and insightful reflections, the story reveals a relentless pursuit of knowledge and a quest to outsmart the odds in every arena.
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3. Beat The Dealer
A Winning Strategy for the Game of Twenty-One
A groundbreaking guide that uses mathematical analysis and early computer simulations to show how players can gain a statistical edge at blackjack. It explains optimal basic strategy, introduces practical card-counting systems, and outlines betting and bankroll management rules, while addressing table conditions and casino countermeasures. With concise tables and step-by-step methods, it demonstrates that disciplined play can convert a house game into one offering a small but real player advantage.
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