Ed Thorp

Ed Thorp, a mastermind in both gambling and finance, is a figure of remarkable intellect and innovation. A mathematics professor turned hedge fund manager, Thorp is best known for his groundbreaking work in probability theory, which he successfully applied to both blackjack and the stock market. His book, "Beat the Dealer," revolutionised the world of gambling by proving that blackjack could be beaten through card counting, a method he devised using his mathematical prowess. Not content with conquering the casino, Thorp turned his analytical skills to the financial markets, pioneering quantitative finance. He established one of the first quantitative hedge funds, bringing a scientific, research-based approach to investing and achieving extraordinary returns. Thorp's influence extends beyond gambling and finance; his work has had a profound impact on both fields, making him a legendary figure revered for his intellect, discipline, and innovative thinking.

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  • In the abstract, life is a mixture of chance and choice. Chance can be thought of as the cards you are dealt in life. Choice is how you play them.

    — Ed Thorp

  • I also learned the value of withholding judgement until I could make a decision based on evidence.

    — Ed Thorp

  • We asked the options exchange to let our traders use programmed hand calculators on the floor. Our request was denied. The newcomers were not to have an advantage over the established old-time traders.

    — Ed Thorp

  • Character is destiny.

    — Ed Thorp

  • Shakespeare might advise, “The fault is not in our markets, but in ourselves…"

    — Ed Thorp

Learn timeless Lessons from
Ed Thorp.

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