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. The World Championship Of Blackjack. 34 THE BEST OF WILMOTT realized that the player’s expectations would fluctuate, under best strategy, depending on which depleted pack was being used. Random House, 2017. Getty Images. Member, QSIB - Querrey Simpson Institute for Bioelectronics. His sub… Show The Tim Ferriss Show, Ep #596: Edward O. Nếu. Abstract: In January 1961, I spoke at the annual meeting of the American Mathematical Society on “Fortune's Formula: The Game of Blackjack”. Edward O. Although implicated, the mechanisms by which bone marrow-derived cells promote CAV remain. Edward O. @tferriss. Please enjoy this transcript of my interview with Ed Thorp (@EdwardOThorp), author of the bestseller Beat the Dealer, which transformed the game of blackjack. Ronald Thorpe passed away in Victoria, British Columbia. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. In the 1960s while teaching at MIT, he invented the first wearable computer as a device to predict the outcome of roulette rounds. 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. The story went viral. Dojo. Ed Thorp, the father of quant investing, might be the most impressive market wizard. 2% over a decade. With a Ph. This experience got him hooked on the game. Edward Thorp, the father of card counting and quantitative investing, invests in BRK. In 1967, Edward Thorpe and Sheen Kassouf came out with their book,. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. Thorp. Ed Thorp is an American maths professor, author, blackjack researcher and founder of one of the first quant hedge funds. Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpowe. Edward Thorp is one of the most well known figures on Wall Street. Edward Oakley Thorp is an American mathematics professor, author, hedge fund manager, and blackjack researcher. 1962. Curiosity in his view can help with much in life. Thorp, a Massachusetts Institute of Technology (MIT) mathematician, applied blackjack strategies to investing. The interview originally ran on Benzinga, but I thought readers of mine might be interested. Ed Thorp’s New Book: A Preview By James Edwards. In the 1960s while teaching at MIT, he invented the first wearable computer as a device to predict the outcome of roulette rounds. A Dozen Lessons on Investing from Ed Thorp. Watch my interview with investing legend Edward O. E Thorp, T Vaisar, M Subramanian, L Mautner, C Blobel, I Tabas. As Edward O. Edward Thorp Cardiac Allograft Vasculopathy (CAV) is a leading contributor to late transplant rejection. Articles Cited by Public access. Originally published at ValueWalk. Princeton Newport Partners (PNP), founded in 1974, was stated by its founder, mathematics professor Edward O. The Ed Thorp Memorial Trophy was the trophy awarded to the champions of the National Football League (NFL) from 1934 through 1967. e. Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. Thorp launched revolutions in Vegas and on Wall Street by turning math into magic, and here he weaves his own life lessons into a page-turner as hot as a deck full of aces. Unlike tell-all quant Thorp, who gave away his trading. Edward Wilson Thorp of Beaumont was born on November 3, 1927 in Lake Charles, Louisiana to Agnes and Edward Thorp and died on July 16, 2007 with family and friends by his side. 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. Thorp, 85, is a former American mathematics professor and hedge fund manager, who became a New. Reading Edward Thorp's 1967 book "Beat the Market" in the summer of 1968 changed my life. Thorp said, “Winning the Science Talent Search was one of the main things that really opened my eyes to the world of science and what it was like. Experience helped him build a systematic approach to investing regardless of market conditions. Tại đây, Thorp đã có những phát kiến trên cơ sở vận dụng kiến thức về xác suất học thống kê trong toán học và. Prior to signing with WWE, Thorpe worked under his real name. Edward O. As applied Edward O. The book explores the idea of “inner-directed” and “other-directed” people; Intro. The investor and gambler stocked up and locked down before the rest of the country. Another fun fact, on Black Monday during '87, Thorp had already figured out on the spot that massive standard-deviation moves were being caused by portfolio insurance. Old Pros Size Up the Game; Thorp and. During his visit, the. Thorp introduced a calculated method for winning at blackjack. He became famous when he wrote the book Beat The Dealer, in which he documented a rational way of betting to beat the casinos in blackjack. Ed Thorp's new book is ' A Man For All Markets: From Las Vegas To Wall Street, How I Beat The Dealer And The Market. During the interview, Thorp explained the importance of having an edge in investing and matching your skill set with your investing strategy. Thorp, 85, is a former American mathematics professor and hedge fund manager, who became. This episode is special because Ed Thorp is the one person, Senra uses as his own personal blueprint. 愛德華·索普. He was eventually barred after. Thorp, to be the world's first market neutral hedge fund. 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. Welcome Dr Thorp. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. Finding the Edge: The Work and Insights of Edward O. 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. The book will reveal a thorough, rigorous, methodical person in search of life,. In easy-to-understand language, learn what a leading mathematician discovered in thirty years of computer-assisted research. Clair, 21st Floor Chicago, IL 60611. He also backed up his theories by playing in the casinos and winning. Share to Linkedin. Macro Ops. Edward Thorp (Edward Oakley Thorp) was born on 14 August, 1932 in Chicago, IL, is an American mathematician. 2. Rotando and Edward O. S. Collage of Edward O. Sort by citations Sort by year Sort by title. Thorp Edward O. Edward Thorp cũng cho lời khuyên về drawdown (mức sụt giảm một khoản đầu tư từ mức vốn đỉnh đến mức vốn đáy). 10. 3. This is a striking parallel to investing without proper. In fact when you dig deep enough you quickly realise that all classical systems produce deterministic as opposed to random outcomes. Thorp and Claude Shannon reveal their invention of the first wearable computer, used to predict roulette wheel [MIT]. By Investment Master Class Ed Thorp’s track record of returns is astonishing. Thorp. St. 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. Northwestern University. Thorp would continue to manage the funds. His last moments were spent at home, surrounded by his family. Thorp is an expert in the fields of game theory, functional analysis, probability & statistics, and mathematical finance. Share. Thorp, ever the scientist, loved to learn and experiment. Ed Thorp, Leonard Maclean, and William Ziemba wrote a masterpiece here. Ed Thorpe's portfolio is 100% Berkshire Hathaway. 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. Kassouf, influenced securities markets around the globe. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. This. Edward O. Ông trở nên nổi tiếng đến mức. Back in 1962, when nearly everybody thought that blackjack was a game of luck, the university professor used computers to devise a system for uncovering. THORP (2) Since all saddle points have the same value, it follows that there is at most one saddle point. For Edward Thorp, the comparison has a certain resonance. He was the loving son of Edward M. 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. He is regarded as one of the best hedge fund managers in the world. Kassouf, influenced securities markets around the globe. Having brushed shoulders with casino mobsters and survived, he shared his secrets with the world, launching a gambling renaissance. I wanted to prove that you could beat. Although he doesn’t fit the theme of a sports bettor, it would be rude not to in. Edward Thorp, Ph. In A Man for All Markets (Random House, 2017), he reflects on his life and the power of thinking differently—and deeply. The trophy was named after Ed Thorp, a noted referee, rules expert, sporting goods dealer, and friend to many of the early NFL owners. #8 Oct 8, 2023. KASSOUF Evaluation of Convertible Securities A Theory and an Econometric Model for Common Stock Purchase Warrants BEAT THE MARKET A scientific Stock Market System Random House New York A Scientific Stock. Edward’s family was not wealthy, so from an early age, he worked part-time to save money for college. Edward Thorp was the first person to employ the Kelly Criterion, or “Fortune’s Formula” as he called it, to the game of blackjack. Thorp was the scientist/math geek behind finding the best and most winning strategy for blackjack. The probability of ever being reduced to a fraction x of this. Journal of Biological Chemistry 286 (38), 33335-33344, 2011. 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. Learning from Ed Thorp. Other books by EDWARD O. [18:31] You end your book [ A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market] with things that anybody can grasp. Welcome Dr Thorp. Ed Thorp is one of the fathers of blackjack card counting. Learning and checking “Learning is like adding programs, big and small, to this computer” Edward Thorp, A Man For All Markets, 2017. Welcome to video 6 in our series of People Who Got Rich from Sports Betting. Thorp deliver an average 20% return over thirty plus years, he rarely ever had a month where he lost money. Ed Thorp wonder if I’m making a mistake. I was intrigued. com When I was eight years old, my dad caught me trying to cheat at blackjack. Todd Proebsting emailed Ed Thorp asking about this. The book is a compilation of academic papers on the Kelly Criterion Formula, which per Edward O. KASSOUF Evaluation of Convertible Securities A Theory and an Econometric Model for Common Stock Purchase Warrants BEAT THE MARKET A scientific Stock Market System Random House New York A Scientific Stock Market. Edward O. As a UCI founding professor of mathematics, best-selling author, hedge fund manager and blackjack player, this exhibit features Thorp’s mathematical odyssey from academia, to the casinos of Las Vegas,. Edward O. 240) Written in 1966, this is THE original gambling book. Edward O. Ed Thorp. The company was a pioneer in quantitative trading techniques, profiting from mispricings in derivatives , and later statistical arbitrage , which involved trading a large number. Awareness leads to change. ' let the size of the bets increase with the expectation. The cigarette pack. The last team to win the Ed Thorp Memorial Trophy was the Minnesota Vikings. 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. So, all the people I've learned from, Ed Thorp is the only one- Ed Thorp is the person that came closest to, in my opinion, mastering life, understanding what actually makes a happy, complete human at the end of their life and is not going to look back with regret, which is the thing I'm most terrified of. C. Thorp is a mathematics professor, author, hedge fund manager, and blackjack player. 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. Then it Became Work". Member, Robert H. Although he doesn’t fit the theme of a sports bettor, it would be rude not to include betting pioneer, Edward Thorp, in our article series. 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. Thorp studied mathematics and physics at UCLA and has applied his mathematical and scientific know-how in novel ways during his career. He is regarded as one of the best hedge fund managers in the world. Thorp in the Muriel Ansley Reynolds Gallery at Langson Library. With a Ph. 00 brokerage account can conduct his own investment program. Thorp’s father was a strong proponent of education, and he worked hard to make sure his son would have a solid foundation of knowledge to draw. About Edward O. The New York Giants won the first Ed Thorp Memorial Trophy in 1934. Ed Thorp on the other hand used the Kelly criterion as a guide when he played blackjack so that he would not overbet and wipe out his edge. Brought to you by Wealthfront automated investing Athletic Greens all-in-one nutritional supplement 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. Edward Thorp is an American mathematics professor, author, hedge fund manager and blackjack player who has a net worth of $800 million dollars. with Claude Shannon in 1960-61. 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). Edward O. He could be considered a Warren Buffett of quant traders. A Man for All Markets: Beating the Odds, from Las Vegas to Wall Street. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by… More about Edward O. His subsequent book, Beat the Market, coauthored with Sheen T. May 17, 2015 [2] Karl Fredericks (born July 15, 1990) is an American professional wrestler signed with WWE, where he performs on NXT under the ring name Eddy Thorpe. His subsequent book, Beat the Market, coauthored. Thorp & Associates, generated an annualized return of 18. M. View Options. Not only did Dr Thorp deliver an average 20% return over thirty plus years, he rarely ever had a month where he lost money. 3 Followers. The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with $2000. 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. Ed Thorp is arguably one of the most successful straight money managers in history, and it all started with trip to Las Vegas in the late 1950s. 41, divided by 4. Thorp & Associates EOThorp@ix. Edward Thorp is an investing and mathematical legend — from spotting Bernie Madoff’s fraud as well as identifying Warren Buffett’s investing acumen early, to. July 22, 2017. These people could get it without skin in the game. Thanks to my son in law I got a chance to talk with the trader, professor, and gambler, Edward Thorp, recently. Seems that for a time, if the NFL Championship. 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. Edward O. Shutterstock. The Edward Thorp trading strategy is built on the principles of statistical arbitrage, which is a form of trading that involves taking advantage of price discrepancies between different markets or securities. He is regarded as one of the best hedge fund managers in the world. His subsequent book, Beat the Market, co-authored with Sheen T. Card counting is simple on paper and maddeningly hard in practice. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Thorp, in a private communication, said that he traded about $60 billion in statistical arbitrage from 1992 to 2002 in lot sizes of 20 k to 100 k and found that the mean transaction cost was about. He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer. molecular biology. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. He says that over the years he’s been kicked out of casinos and that casinos have tried to deprive him of his winnings after he beat them at their own game. Show more When Ed Thorp was a young maths professor at MIT he devised a formula for beating casinos at their own game. 2 Bookplateleaf 0004 Boxid IA40824602 Camera Sony Alpha-A6300 (Control)Ed Thorp’s key trading advice: Increase your trade size as the probability of winning are more in your favor. 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. Edward Thorp is the bestselling author of Beat the Dealer. Books - Edward O. Thorp was hired in 1965 as an Associate Professor by the University of California, Irvine as part of the newly formed Mathematics Department. He also was the co-inventor of the first. The World Championship Of Blackjack. 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. They won The Ed Thorp Memorial trophy. A pioneer in modern applications of probability theory, Thorp’s bestselling book, Beat the Dealer, mathematically proved that the house advantage in blackjack could be overcome by… More about Edward O. ”—Kirkus Reviews “An amazing book by a true icon . Edward Thorp luôn coi thị trường chứng khoán giống như sòng bạc. I liked many of the others too. Phone +1 312 503 4309. Partners liquidated, Thorp later regrouped as Edward O. As equities keep swinging back. Thorp suffered a collapse in the locker room of. Ed Thorp is arguably one of the most successful straight money managers in history, and it all started with trip to Las Vegas in the late 1950s. He is the single person. Since this strategy offers a "spectrum" of favorable expectations, it seems reason- ablc tr. Thorp invented card counting, proving the seemingly impossible: that you could beat. His father fostered this exploration, even during the lean years of World War II, giving him advanced books to read and treating him to special gifts, including a mineral set Ed fondly recalls experimenting with during. A few years later, three finance professors independently came up with their own slight mathematical variant of the same formula. In November 2019, the UCI Libraries opened Finding the Edge: The work and insights of Edward O. The. The Love Boat l. 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. In explaining how they think and why they win, this landmark book provides gems of insight that will enrich you not only. ) Thorp focused on using his knowledge to solve real-world problems once deemed impossible. His subsequent book, Beat the Market , coauthored with Sheen T. 他深入發展了現代的 機率論 ，並應用於 金融市場 中。. Edward F. The Black And White Classic Invitational Backgammon Tournament. A must-read book on the quantitative value investment strategy Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. 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. h-index. The following is what I learned from his presentation at SFI. Thanks for the Pdf link. (Probability is the foundation for statistics. Deputy Editor. His journey is a fascinating tale of turning what seemed unpredictable into a realm of predictability, long before the era of Wall Street’s quantitative wizards. The mathematician, Edward Thorp, described how to figure out the sequence of the cards and how to bet accordingly. Episode 749: Professor Blackjack. Includes interviews with Jamie Mai, Joel Greenblatt, Michael Platt, Ray Dalio, Colm O’Shea, Ed Thorp, and many more Explains forty key lessons for traders Joins Stock Market Wizards, New Market Wizards, and Market Wizards as the fourth installment of investment guru Jack Schwager's acclaimed bestselling series of interviews with stock market. . Random House Publishing Group, 2017. Synopsis. Nov 14, 2017. Edward Thorp used his blackjack card counting technique to beat the stock market and reach a $800 million net worth. Thorp Jr. Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Ed Thorp in 1964. But economists, psychologists and decision-theorists have no genius (unless one counts the. The trophy was named after Ed Thorp, a noted referee, rules expert, sporting goods dealer, and friend to many of the early NFL owners. At the Blackjack Ball, Card Counter Dr. Before you risk your money, find out what the “Albert Einstein of Gambling” has to say! An analysis of baccarat, backgammon. " It was a one of a kind Trophy that was held by the NFL Championship Team then handed down (like the hockey Stanley Cup) to the next championship team. Edward O. Thorp’s second hedge fund, Edward O. "Squig," 28, of Deptford, N. Thorp Mathematics Department University of California Irvine, ABSTRACT. Along with innovative applications of probability theory, Thorp is also the New York […] Edward O. Thorp. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . Thorp himself describes it as the process of building a “multidisciplinary collection of insights”. Thorp rose up from nothing to. By R. Princeton Newport Partners (PNP), founded in 1974, was stated by its founder, mathematics professor Edward O. The Ed Thorp Memorial Trophy was the trophy awarded to the champions of the National Football League from 1934 through 1967. His strategy for counting cards gave the player an edge over the house. Yuan Yao. It started the blackjack craze in the 60s. Thorp rose up from nothing to become a professor at MIT, invented card counting and the world’s first wearable computer, beat the casinos of Las Vegas at blackjack and roulette, then became a bestselling author and a hedge fund heavyweight, ushering in a revolution on Wall Street. . Edward S Thorp has two current phone numbers. 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. Trade smaller during losing streaks and increase your trade size only after you start to win again. In the 1960s, he took the gambling industry by storm and challenged the way people played blackjack by using his own devised. And it worked! I had $200, so I headed out to Las Vegas. Edward O. His original fund, Princeton Newport Partners, ran for nineteen years with only three down months [the largest loss was below 1%]. Rediscovery of the System: Ed Thorp Under a Tree. He wrote the popular book, Beat the Dealer, in 1962. A. Thorp, to be the world's first market neutral hedge fund. I. Chapter 36 in The Kelly Capital Growth Investment Criterion:Theory and Practice, 2011, pp 509-523 from World Scientific Publishing Co. 00 brokerage account can conduct his own investment program. Lurie Comprehensive Cancer Center of Northwestern University Clinical Cancer Center. The Fed’s Franken-Bull. It was to. The Kelly Money Management System. Watch my interview with Edward O. Edward Oakley “Ed” Thorp was born in Chicago, Illinois on August 14th, 1932. Ed Thorp, author of the famed bestseller Beat the Dealer (1966) and A Man for All Markets (2017), is regarded . Before you start to trade a system you need to set a stop loss on your drawdown. Thorp is the author of Beat. Optimal growth: Kelly criterion formulas for practitioners 8 3. The author of Beat the Dealer and Beat the Market, he went from math professor and blackjack whiz to renowned hedge fund manager. Edward Oakley Thorp is an American mathematics professor, hedge fund manager, and blackjack player. Thorp began to delve into the theory of probability, he realized he could beat the game of blackjack and he could prove it. I used to have a friend that I walked with quite a bit and he wanted to sell. The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with $2000. 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. Kassouf, influenced securities markets around the globe. Forex316. See moreEdward O. Continue reading this article with a Barron’s subscription. Edward O. He remained with the Mathematics Department until 1976. A Scientific Stock-Market System. Abraham de Moivre . He invented the original method for beating it! He and Kimmel made $11,000 during their first weekend of using the Thorp Count. Thorp co-edited The Kelly Capital Growth Investment Criterion, World Scientific Publishing Company, 2011, with Leonard C. Macro Ops. Discover Edward Thorp's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. 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. g. Abraham de Moivre. Kennedy was. ” Edward Thorp says his drools were drugged twice at the same casino. Edward Thorp used his blackjack card counting technique to beat the stock market and reach a $800 million net worth. Ed specializes in providing general financial reporting, tax. Ed Thorp is a trading legend with one hell of a resume: - Godfather of quant investing - Created the first card-counting system - Founded the first quant hedge fund He also crushed the market & returned ~19% CAGR for 30 years. The series includes his writings and research for magazines such as Gambling Times, Blackjack Forum, Winning, and Wilmott; his autobiography A Man for All Markets. Unlike tell-all quant Thorp, who gave away his trading. (3) If all are distinct and is order preserving (i. If you become the establishment, you’re untouchable. Although he doesn’t fit the theme of a sports bettor, it would be rude not to include betting pioneer, Edward Thorp, in our article series. best-selling books: Hedge Fund Market Wizards. EDWARD O. Here’s 10 of our favorite episodes: #39: Ed Thorp, Hedge Fund Manager, Author, & Professor.