Edward O. Thorp
Mathematician, author and hedge fund manager
Edward O. Thorp is an American mathematics professor and hedge fund manager who wrote Beat the Dealer, a book on beating blackjack through card counting.
1 summary 16 min of listening
American Born 1932 in Chicago, United States
About Edward O. Thorp
Edward Oakley Thorp was born on 14 August 1932. He completed his PhD in mathematics at the University of California, Los Angeles (UCLA) in 1958, then worked at the Massachusetts Institute of Technology (MIT) between 1959 and 1961. He was a mathematics professor at New Mexico State University from 1961 to 1965. He then moved to the University of California, Irvine, where he taught mathematics until 1977 and mathematics and finance until 1982. His 1962 book Beat the Dealer was the first to show mathematically that card counting could overcome the house advantage in blackjack. He followed it in 1967 with Beat the Market, which dealt with pricing warrant markets. He also worked with Claude Shannon on the first wearable computer. He launched the hedge fund Princeton/Newport Partners. His book A Man for All Markets is in the BookBits catalog.