128 TIP: Edward Thorp – A Man for All Markets

In this episode, Preston and Stig talk to renown author, mathematician, and investor, Dr. Edward Thorp. Thorp’s personal net worth is $800M, and he has achieved a 20% annual return for 30 years in the stock market. Before becoming one of the best hedge fund managers on the planet, Dr. Thorp literally wrote the book on card-counting for blackjack. The name of the book was, Beat the Dealer, and the techniques taught in the book went on the create an entire culture around card counting in Casinos. You won’t want to miss this conversation as the hosts uncover some fascinating ideas from one of the smartest mathematical minds on the planet.

IN THIS EPISODE, YOU’LL LEARN:
– How to beat Blackjack from the person that literally wrote the book on it
– How you should size your positions in the market
– Why Ed Thorp made 20% annually on his portfolio over 30 years
– Why Ed Thorp suddenly found himself playing bridge with Buffett
– How to look young when you are 84 (seriously!)

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