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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Dr Ed Thorp, born in 1932, tells his incredible life story. 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. Dr Thorp describes the insights he came to while putting his theories to work. He imparts valuable advice on a broad range of topics, including his approach to investing, managing market risk, investing in hedge funds, and how to protect and generate wealth for the long term.
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