Tag: Charlie Munger

Investment lessons from Ed Thorp

Investment lessons from Ed Thorp

26 Aug 2017 |

Here I summarise the financial market lessons imparted by Ed Thorp in his book “A man for all markets”. My first three sections cover his views on investing, risk and market inefficiencies. My last two sections describe the hedge fund strategies Dr Thorp employed as well as his views on hedge funds in general.

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Who are the deluded investors? Probably you and me!

Who are the deluded investors? Probably you and me!

16 Feb 2017 |

Deluded investors are foolish market participants who are uninformed but transact in financial markets with the delusion that they are informed. They would trade actively in an attempt to outperform when a security is mispriced according to their analysis. Deluded participants are, however, wrong in believing that they know the fair value of the security.

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