A Man For All Markets

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Author: Edward O. Thorp
Publisher: Random House
ISBN: 081299874X
Size: 42.93 MB
Format: PDF, Docs
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A Man For All Markets by Edward O. Thorp


Original Title: A Man For All Markets

The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street. A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success—and mathematically unassailable method—caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed. Thereafter, Thorp shifted his sights to “the biggest casino in the world”: Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world’s first wearable computer. Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic—a book that challenges its readers to think logically about a seemingly irrational world. Praise for A Man for All Markets “In A Man for All Markets, [Thorp] 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.”—The Wall Street Journal “[Thorp] gives a biological summation (think Richard Feynman’s Surely You’re Joking, Mr. Feynman!) of his quest to prove the aphorism ‘the house always wins’ is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders”— Library Journal

Beat The Forex Dealer

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Author: Agustin Silvani
Publisher: John Wiley & Sons
ISBN: 047068769X
Size: 25.48 MB
Format: PDF, ePub, Mobi
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Beat The Forex Dealer by Agustin Silvani


Original Title: Beat The Forex Dealer

The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get 'chopped up'. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading 'easy'. Well I'll let you in on a little secret: there is nothing easy about trading currencies. If you don't believe me then stop by Warren Buffet's office and ask him how he could lose $850m betting on the dollar or ask George Soros why his short yen bets cost him $600m not once but twice in 1994. What's wrong with these guys, don't they read FX books? In reality, the average client's trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius 'systems,' and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them. Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what, in this Zero Sum game it absolutely is. Covering the day-to-day mechanics of the FX market and the unsavoury dealings going on, Beat the Forex Dealer offers traders the market-proven trading techniques needed to side-step dealer traps and develop winning trading methods. Learn from an industry insider the truth behind dirty dealer practices including: stop-hunting, price shading, trading against clients and 'no dealing desk' realities. Detailing the dealer-inspired trading techniques developed by MIGFX Inc, consistently ranked among the world's leading currency trading firms, the book helps turn average traders into winning traders; and in a market with a 90% loss rate winning traders are in fact quite rare! More than just a simple manual, Beat the Forex Dealer brings to life the excitement of the FX market by delivering insights into some of the greatest trading triumphs and highlighting legendary disasters; all written in an easy to read style. Make no mistake about it there is a lot of money to be made in currency trading, you just have to know where to look. Sidestepping simple dealer traps is one way of improving your daily p&l, but it is surely not the only one. Successful trading comes down to taking care of the details, which means skipping the theoretical stuff and providing only up-to-date, real-life examples while sharing the FX trading tips that have proved so profitable over the years. By stripping away the theory and getting down to the core of trading, you too will find yourself on the way to beating the forex dealer!

21 Bringing Down The House Movie Tie In

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Author: Ben Mezrich
Publisher: Simon and Schuster
ISBN: 1416564195
Size: 15.71 MB
Format: PDF, ePub
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21 Bringing Down The House Movie Tie In by Ben Mezrich


Original Title: 21 Bringing Down The House Movie Tie In

Recounts the story of how a notorious gang of MIT blackjack savants devised and received backing for a system for winning at the world's most sophisticated casinos, an endeavor that earned them more than three million dollars. Originally published as Bringing Down the House. Reissue. (A Columbia Pictures film, written by Peter Steinfeld & Allan Loeb, directed by Robert Luketic, releasing March 2008, starring Kevin Spacey, Kate Bosworth, Laurence Fishburne, Jim Sturgess, & others) (Current Affairs)

Beat The Dealer

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Author: Edward O. Thorp
Publisher:
ISBN: 9780394416335
Size: 76.11 MB
Format: PDF, ePub
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Beat The Dealer by Edward O. Thorp


Original Title: Beat The Dealer

New York Times Bestseller Edward O. 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. From Las Vegas to Monte Carlo, the tables have been turned and the house no longer has the advantage at blackjack. Containing the basic rules of the game, proven winning strategies, how to overcome casino counter measures and spot cheating. Beat the Dealer is the bible for players of this game of chance. Perforated cards included in the book are a convenient way to bring the strategies into the casino. A winning strategy for the game of 21. The essentials, consolidated in simple charts, can be understood and memorized by the average player.

Casino Gambling

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Author: Jerry L. Patterson
Publisher: Penguin
ISBN: 9780399525117
Size: 12.77 MB
Format: PDF, Mobi
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Casino Gambling by Jerry L. Patterson


Original Title: Casino Gambling

BEAT THE HOUSE! Is it possible to "beat the odds" at casino gambling? With this guide, Jerry L. Patterson, author and gambling expert, shares strategies that can help you win more often -- and become the kind of "advantage player" that keeps the house on its toes! Packed with new updated material on today's developments in casino gambling, this book covers blackjack, craps, roulette, baccarat, and casino poker, and includes tips on ... -- mental preparation and developing a winning attitude -- basic rules and simple winning strategies for beginning and recreational players -- state-of-the-art "advantage" systems for advanced play in blackjack, craps, and roulette -- cautions and controversies on Internet gambling -- avoiding common mistakes and misconceptions and much more

Seventeen Against The Dealer

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Author: Cynthia Voigt
Publisher: Simon and Schuster
ISBN: 1442489197
Size: 12.62 MB
Format: PDF
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Seventeen Against The Dealer by Cynthia Voigt


Original Title: Seventeen Against The Dealer

Do you have to lose everything to see what truly matters? Find out in the seventh and final installment of Cynthia Voigt’s Tillerman cycle. Dicey Tillerman has big dreams. She’s started a boatbuilding business, and she’s determined to prove she can succeed on her own. That’s why she resists the offer of help from Cisco, the mysterious stranger who turns up one day at her shop. But running a business doesn’t leave much time for the people Dicey treasures—her grandmother, her younger siblings, and her boyfriend, Jeff. Then it turns out that Dicey has placed her trust with the wrong person. Suddenly she stands to lose everything....Has Dicey discovered too late what really matters to her? Cynthia Voigt deftly navigates nuances of identity and resilience in this triumphant conclusion to her acclaimed Tillerman cycle.

Repeat Until Rich

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Author: Josh Axelrad
Publisher: Random House
ISBN: 1448117488
Size: 63.23 MB
Format: PDF, ePub, Mobi
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Repeat Until Rich by Josh Axelrad


Original Title: Repeat Until Rich

'I was thrown out of my first casino in spring of 2000. In the years since then I've kept playing and kept winning, in wigs, under aliases, from behind fake glasses. I've been chased across casino floors; followed outdoors by crazed goons with drawn weapons; pursued in a car at high speeds; and placed wrongfully under arrest. Casinos continue to provide my entire income, along with free rooms, Champagne, and, most important, a mission in life. The heat, this business of getting thrown out, hasn't kept me away from the action at all; it's the very force that keeps me coming back.' Repeat Until Rich is the hotly awaited true adventure of how an average Joe in a dead-end spreadsheet job took to the road as a member of a blackjack card-counting gang taking millions of dollars from casinos across the US. Josh was an Ivy League graduate who grudgingly started a regular life before a chance meeting at a party changed his life forever. This is a brilliantly written memoir first and gambling book second - a universal tale of an everyday guy's unexpected exit into a mysterious and dangerous underworld from which there's no going back. It is a story about finding meaning in a crazed ongoing battle far from the dull and comfortable confines of the 9 to 5 world.

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