Here’s 10 of our favorite episodes: #39: Ed Thorp, Hedge Fund Manager, Author, & Professor. Instead, Thorp was an academic who used his research to prove that blackjack was beatable. Thorp. Sau khi xuất bản cuốn sách đầu tay năm 1962 về cách đếm bài. Articles from the UCI Libraries Special Collections and Archives, Edward O. E Thorp, T Vaisar, M Subramanian, L Mautner, C Blobel, I Tabas. 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. Born August 14, 1932 in Chicago, Illinois, Edward Oakley Thorp’s heightened level of intelligence was evident at a young age. The SEC checked him every year and gave him a rubber stamp of authenticity. Member, QSIB - Querrey Simpson Institute for Bioelectronics. 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. Ed Thorp was one of the original 7 members inducted into the Blackjack Hall of Fame in 2002. A few years later, three finance professors independently came up with their own slight mathematical variant of the same formula. Thorp and Associates, Newport Beach, CA 92660, USA Contents Abstract 2 Keywords 2 1. Ed Thorp, Claude Shannon and the world's first wearable computer. - (AP) - Ed Thorp, noted football authority, died this morning at the United Hospital. He has run successful hedge funds since 1969. His first hedge fund, Princeton Newport Partners, earned 19. Thorp for over 4 years. David’s comments on Thorp are so fascinating to me they are worth quoting in full: Out of every single person I have studied so far for the podcast, Ed Thorp is my personal blueprint. He didn't let normal. Edward F. 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. Discover Edward Thorp's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. His strategy for counting cards gave the player an edge over the house. 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. Editor-in-Chief Thorp, hthorp@aaas. Thorp. D. A Man For All Markets: From Las Vegas to Wall Street, How I Beat The Dealer and The Market. Card counting is simple on paper and maddeningly hard in practice. Kassouf,. netcom. 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 Thorp, the father of card counting and quantitative investing, invests in BRK. My last two sections describe the hedge fund strategies Dr Thorp employed as well as his views on hedge funds in general. His landline phone number is (781) 878-2029 and the mobile phone number is (781) 710-6401. He would be viewed on the same or higher level of Jim Simons today if he didn’t shut down his firm in the late 80s. Ed Thorp. ThorpUsing the same Kelly calculation as before we can now determine the optimum position size for a trade. Edward Oakley Thorp ( Chicago, 14 de agosto de 1932) é um matemático, gerente de fundo de cobertura e jogador de blackjack estadunidense . Then it Became Work". His subsequent book, Beat the Market, coauthored. For me, this is a very important textbook because it captures the importance of position size. (3) If all are distinct and is order preserving (i. Years. g. He revolutionized gambling as he proved how to beat blackjack with card-counting and invented the first. Thorp. The Kelly Money Management System. Ed Thorp, the father of quant investing, might be the most impressive market wizard. There is nothing wrong with using leverage; RenTech used leverage too. As a physicist and mathematician, he tackled the questions of roulette wheels and blackjack games in a scientific way and found that it was. This is the amount of money lost that will show your. Edward O. The dry sun blazed down from a clear desert sky. If my weight starts creeping up I find myself eating less without even thinking about it. “I picked up Ed [Thorp’s] book in early 1966. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. May require an email/registration to read in its entirety. THORP Elementary Probability Beat the Dealer Other books by SHEEN T. November 14, 2017. The Love Boat ll. A nice article from February on famed early hedge fund manager Ed Thorp and his recent book. Debut. Dojo. As a UCI founding professor of mathematics, best-selling author, hedge fund manager and. This episode is special because Ed Thorp is the one person, Senra uses as his own personal blueprint. This book doesn't just show. People say that Dr. Thorp had figured out a strategy for counting cards, but was left wondering how to optimally manage his wager (in investing parlance, we’d call this position sizing). 00 brokerage account can conduct his own investment program. Not only did Dr Thorp deliver an average 20% return over thirty plus years, he rarely ever had a month where he lost money. Thorp Books A Man For All Markets Buy now The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer. 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. 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. Likes. At the Blackjack Ball, Card Counter Dr. Thorp's Basic Strategy table currently appears on BlackjackInfo. 04, which provides the sum of 0. Learning and checking “Learning is like adding programs, big and small, to this computer” Edward Thorp, A Man For All Markets, 2017. Edward O. Edward Thorp was born in 1932 in Chicago to a family of immigrants from Sweden. Thorp is the author of six books and has written a wide range of academic papers on game theory, functional analysis, and probability, as well as an autobiography, A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer andEdward O. 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. ThisEdward O. This book seeks to take the best aspects of value investing and quantitative investing as disciplines and apply them to a completely. – Ed Thorp; People hear stories about lucky winners, and that draws them in to play; The Lonely Crowd by David Riesman, Nathan Glazer, and Reuel Denney. Continue reading "The Tim Ferriss. A math professor at MIT and UC Ivine, Thorp figured out how to beat Las Vegas at blackjack. Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. He became famous when. The World Championship Of Blackjack. 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. J. Let me explain; it was the late ‘50s and early ‘60s when Ed, a math genius and professor at MIT took on the challenge of discovering a way to get an edge playing gambling games such as blackjack, roulette and even baccarat. Introduction 3 2. Thorp , et al. 39K Follower s. Finding the Edge: The work and insights of Edward O. His domination in the financial world began in the casino. He didn’t mean that investing, like gambling, is a crap shoot. After being banned from Vegas for beating the house at Blackjack, he turned to Hong Kong where he. Conventional wisdom in the 1950s held that it is. As Edward O. To beat roulette, he and the father of information theory, Claude Shannon, invented the first wearable computer. Thorp’s most popular book is Market Wizards: Interviews with Top Traders (Market. I had picked the book up as a summer read while home from college. Edward M. The strategy uses mathematical models to identify profitable trades by analyzing historical data and predicting future price movements. Thorp rose up from nothing to become a professor at MIT, invented card counting and proceeded to beat the dealers of Las Vegas at blackjack, roulette and baccarat. EDWARD O. 2% over a decade. Thorp highlights the extraordinarily diverse life and career of Edward O. Another early Wolfe discovery was Jim Simons, a mathematician and founder of the absurdly successful quant hedge fund Renaissance Capital. He could be considered a Warren Buffett of quant traders. Driskill Graduate Training Program in Life Sciences. A child of the Great Depression, legendary mathematician 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. Here I summarise the investment lessons imparted by Ed Thorp in his book “A man for all markets”1. Edward O. Thorp has long left the gambling world behind. Thorp & Associates, generated an annualized return of 18. Edward O. 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. 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. The. Kindle Edition. 他深入發展了現代的 機率論 ，並應用於 金融市場 中。. netcom. Teams would also receive a replica trophy that. This recording is from: Dec 18, 2019Edward O. Discovered the Black-Scholes formula years earlier than the Nobel Prize winners but didn’t publish it as he felt it was his fiduciary duty to his clients to keep it secret and generate alpha. Foi pioneiro em aplicações modernas da teoria das probabilidades, incluindo o aproveitamento de pequenas correlações para ganho financeiro confiável. By Investment Master Class Ed Thorp’s track record of returns is astonishing. Nobel Prize. He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer. 240) Written in 1966, this is THE original gambling book. Ed Thorp is not well known among money managers, but he is held in awe by traders as a polymath, successful card counter, mathematician, finance specialist, and hedge fund manager. Dr Thorp believes that his education formed the basis for his successful life. This is part 2 of our interview with Edward 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. Edward O. Edward O. Luster the Legend. Rotando and Edward O. Books - Edward O. His subsequent book, Beat the Market, co-authored with Sheen T. 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. For those who aren’t aware of Thorp’s long career, it encompasses as Schwager writes “an extraordinary number of first achievements. Thorp. #100: Elroy Dimson, London Business School. Understanding the Kelly Criterion. He is also the author of A Man for All. His subsequent book, Beat the Market , coauthored with Sheen T. A simple celebration seEdward Thorp. During his visit, the recent PhD in mathematics. Although he doesn’t fit the theme of a sports bettor, it would be rude not to in. My Interview with Edward Thorp. 488 or rounded up, 49%. Abraham de Moivre. In the 1960s while teaching at MIT, he invented the first wearable computer as a device to predict the outcome of roulette rounds. This raises the following: 1) The Black-Scholes-Merton was just a neoclassical finance argument, no more than a thought experiment3, 2) We are not aware of traders using their argument or their version of the formula. Watch my interview with Edward O. Thorp is one of the world’s best blackjack players and investors, and his hedge funds were profitable every. Author: Luke Holmes 14 Dec 2021. Thorp Jr. Thorp pioneered the use of quantitative investment techniques in the financial markets. One unique stipulation was Edward O. Nov 14, 2017. 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. He wrote the popular book, Beat the Dealer, in 1962. All Edward Thorp wanted was to be a math professor. His domination in the financial world began in the casino. Sullivan to discuss contemporary challenges and best practices in investing. In a conversation with me, he elaborated on how remarkable his journey has been, and how supportive his wife Vivian was in all of his endeavors until her death in 2011. He was a pioneer in modern applications of probability theory, including the harnessing of very. After 30+ years of successful trading, he’s currently worth $800 billion. Edward O. He turned seemingly random processes into predictable events, transforming. . (Probability is the foundation for statistics. 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. A Man for All Markets, By Ed Thorp By Jesse Koltes, TheCharlieton. Professor, Pathology. Kassouf, influenced securities markets around the globe. He was a pioneer in modern applications of probability theory, including the harnessing of very. 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. 8, 2011 after a short fight with cancer. About Edward O. The last team to win the Ed Thorp Memorial Trophy was the Minnesota Vikings. . book series, recently called Ed Thorp the best. His first hedge fund, Princeton Newport Partners, earned 19. The Love Boat ll. Deputy Editor. Ed Thorp used his brilliance at maths to make a fortune from gambling. He was a pioneer in modern applications of probability theory, including the harnessing of very. In this 2003 paper, Thorp described the difference between local and global risks (“or micro versus macro; or diffusion versus jump”). His subsequent book, Beat the Market, coauthored with Sheen T. It was to. Ed Thorp is a mathematician, former professor, hedge fund manager, book writer, and blackjack researcher. Jun 29, 2022. I liked many of the others too. Thorp wrote, “The atmosphere of ignorance and superstition surrounding the blackjack. Although implicated, the mechanisms by which bone marrow-derived cells promote CAV remain. 1962; Thorp, 1966; Wilson, 1965) which incorporate past results, are of no interest Theorem 2. Thorp in his entirety (or at least what we can know from his public action and writing) is an admirable and impressive individual. Consider upgrading your subscription below. 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. But you can analyze both using math, statistics, and computers. . 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. His take was computing the odds and then testing. Experts Articles----Follow. Thorp. I settled into the lawn chair. He is also the author of A Man for All Markets: From Las. A pioneer in quantitative finance and the quantitative revolution in investing, Dr. The trophy was named after Ed Thorp, a noted referee, rules expert, sporting goods dealer, and friend to many of the early NFL owners. Thorp died in June 1934, and a large, traveling trophy. The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with $2000. 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. Summary. It started the blackjack craze in the 60s. With a Ph. Feb 13, 2012 at 10:21 AM EST. NJPW L. Coin tossing 4 3. 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 began to delve into the theory of probability, he realized he could beat the game of blackjack and he could prove it. ” So by. It was. Macro Ops. The quantitative investment pioneer gave a recent talk and interview at Winton that recounted his remarkable career and collaboration with the so-called 'Father of Information Theory'. Edward Thorp còn được biết đến là một tác giả nổi tiếng chuyên viết sách về các lĩnh vực như toán học, kinh tế, đầu tư,… Với sự nhạy bén của mình mà ông đã tạo nên được nhiều giá trị trong các cuốn sách, được khách hàng đánh giá cao. In easy-to-understand language, learn what a leading mathematician discovered in thirty years of computer-assisted research. I’ve input the Kelly Formula into Excel, and created a spreadsheet with. My first three sections cover his views on investing, risk and market inefficiencies. Ed Thorp, Myron Scholes, Robert Merton, and Fischer Black all had almost the same formula, but each had a different reason for believing it was true. An AQR interview with Ed Thorp Ed Thorp, author of the famed bestseller Beat the Dealer (1966) and A Man for All Markets (2017), is regarded by many as the father of quantitative investing. Local risk is the fluctuation of prices in a normal environment. This Mathematic professor had an amazing card. . He was eventually barred after. ) Thorp focused on using his knowledge to solve real-world problems once deemed impossible. 256: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. The cigarette pack. Todd Proebsting emailed Ed Thorp asking about this. His sub… Show The Tim Ferriss Show, Ep #596: Edward O. Richer, Wiser, Happier brings together the thinking of many of the greatest investment minds, from Sir John Templeton to Charlie Munger, Jack Bogle to Ed Thorp, Will Danoff to Mohnish Pabrai, Joel Greenblatt to Howard Marks. Other books by EDWARD O. The book explores the idea of “inner-directed” and “other-directed” people; Intro. Edward O. THORP Elementary Probability Beat the Dealer Other books by SHEEN T. 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. By Thecharlieton. Thorp at the Blackboard. Edward Thorp used his blackjack card counting technique to beat the stock market and reach a $800 million net worth. THORP (2) Since all saddle points have the same value, it follows that there is at most one saddle point. A Scientific Stock-Market System. Discover his insights on beating the market,. In November 2019, the UCI Libraries opened Finding the Edge: The work and insights of Edward O. (Brent Lewin/Bloomberg via Getty Images) Ed Thorp was the first 'quant', the. Edward O. #124: Howard Marks,. The Life and Times of Ed Thorpe. 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. 3. Rollinger's trading program with Ed Thorp was successful enough to gain mention in two. Ed Thorp's track record of returns is astonishing. We have 4. The book will reveal a thorough, rigorous, methodical person in search of life,. N. Ed Thorp: “Blackjack was Fascinating. The warrant-stock law: predictability in the stock market. His subsequent book, Beat the Market, coauthored with Sheen T. edu. Anyhow, Ed Thorp did not really have a connection to. He turned seemingly random processes into predictable events, transforming the art of speculation into a science decades before Wall Street’s quants became mainstream. Share. As Nassim Nicholas Taleb points out in the foreward to A Man For All Markets, Edward Thorp has written a book that, at times, reads more like a James Bond thriller than the memoir of a mathematician who ventured outside his academic field to beat casinos, both in Las Vegas and on Wall Street. At the same time, he short-sells Lyft stocks, its direct. Ed Thorp wonder if I’m making a mistake. Ed Thorp, the father of quant investing, might be the most impressive market wizard. 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. Random House Publishing Group, 2017. As applied Edward O. His original fund, Princeton Newport Partners, ran for nineteen years with only three down months [the largest loss was below 1%]. Thorp (@EdwardOThorp) is an author, hedge fund manager, and one of the world’s best. Thorp. Thorp & Associates, generated an annualized return of 18. He also was the co-inventor of the first wearable computer along with Claude. 39K Follower s. Next time you find yourself at a live blackjack table, adding and subtracting ones as you count your way through a shoe of cards, and, hopefully make a bit of money in the process, take a moment between hands to thank Edward O. Pioneered many strategies now routinely used on Wall Street and throughout the hedge. The game was blackjack. Ed Thorp: the man who beat the casinos, then the markets. And I agree. @tferriss. Follow. MacLean and William T. See moreEdward O. Thorp is an expert in the fields of game theory, functional analysis, probability & statistics, and mathematical finance. Edward O. With a Ph. 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 Edward O. Conventional wisdom in the 1950s held. • Shannon's colleague, Edward Thorp, applied scientifi c ideas to develop a card counting system for winning at blackjack. Dr. 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. Thorp put early computers to use to run vast amounts of blackjack calculations and then went to the casinos of Las Vegas to put his theories to the test. As mentioned in our article on Bill Benter, Edward Thorp was made famous through his book Beat the Dealer. 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 Love Boat l. Prior to signing with WWE, Thorpe worked under his real name. Edward Thorp was a mathematics genius, author, and college professor who started a revolution in Las Vegas as well as on Wall Street, through his card-counting techniques. His subsequent book, Beat the Market, coauthored with Sheen T. I didn’t care about the money. 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. The author of Beat the Dealer and Beat the Market, he went from math professor and blackjack whiz to renowned hedge fund manager. He is regarded as one of the best hedge fund managers in the world. The Edward Thorp Lab studies the crosstalk between immune cells and the cardiovascular system and, in particular, within tissues characterized by low oxygen tension or associated with dyslipidemia, such as during myocardial infarction. 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. 240) Written in 1966, this is THE original gambling book. I turned my $200 into $10,000. | Joined Apr 2004. 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. ”—Kirkus Reviews “An amazing book by a true icon . 240) Written in 1966, this is THE original gambling book. Edward O. For part 1, click here. This excerpt in Nautilus describes how Ed Thorp, a grad student who'd written a paper on. Show more When Ed Thorp was a young maths professor at MIT he devised a formula for beating casinos at their own game. A proper balance should be maintained between risks and return by not betting too much and by not leaving too much money on the table, says the mathematics professor and hedge fund manager. The Fed’s Franken-Bull. Edward Thorp’s net worth is reported to be around $800 million as of 2021. Along with innovative applications of probability theory, Thorp is also the New York Times bestselling author of Beat the Dealer, the. LinkedIn is the world’s largest business network, helping professionals like Elizabeth Thorp discover inside. Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, author, hedge fund manager, and blackjack researcher. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. , monotone increasing), then is a saddle point for (ad) iff is a saddle point for (4) For each matrix in (2), define + so that it maps ontoThe top three interviews to me were probably Ray Dalio (Bridgewater), Joel Greenblatt (Gotham) and Jamie Mai (Cornwall). Johnny HopkinsJuly 5, 2022 Ed Thorp Leave a Comment. Learning from Ed Thorp. Edward O. The probability of reaching a fixed goal on or before n trials 8 3. Yuan Yao. . His subsequent book, Beat the Market , coauthored with Sheen T. That’s partly because casinos are good at catching card counters. Thorp rose up from nothing to. ThorpEd Thorp’s journey to investing began in a casino. The interview originally ran on Benzinga, but I thought readers of mine might be interested. Thorp Books A Man For All Markets Buy now 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. Thorp and his wife Vivian Thorp generously donated funds in 2004 to UC Irvine to establish an endowed chair in the School of Physical Sciences. Ed Thorp, the father of quant investing, might be the most impressive market wizard. Ed Thorp was honored at the 2017 Blackjack Ball. 240) Written in 1966, this is THE original gambling book. Với năng lực học toán cực xuất sắc ngay từ lúc 7 tuổi, bản thân Edward Thorp đã phát triển những cuộc thử nghiệm liên quan đến thế mạnh của mình khi bố mẹ không có nhà. Edward Thorp Gallery's primary focus is to promote the work of emerging and established contemporary artists. Reading Edward Thorp's 1967 book "Beat the Market" in the summer of 1968 changed my life. From his invention of the first wearable computer to his groundbreaking work in card counting, Thorp has left an indelible mark on these industries. He turned seemingly random processes into. He has given shows to the under-appreciated (Henri Michaux and Eugene Leroy) and to those who gained a lot of attention then and now (Eric. Learn more about his life and achievements in this comprehensive checklist of his publications, awards, and honors, compiled by the UCI Libraries. Edward Thorp. 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. Las Vegas casino bosses hated Edward O. Another early Wolfe discovery was Jim Simons, a mathematician and founder of the absurdly successful quant hedge fund Renaissance Capital. Thorp read this article before a seminal trip to Las Vegas in 1958. 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). Louis M. Edward O. , June 12, 2018 – The University of California, Irvine Libraries have received the personal papers and professional records of Edward O. The World Championship Of Blackjack. Thorp studied mathematics and physics at UCLA and has applied his mathematical and scientific know-how in novel ways during his career. His subsequent book, Beat the Market, co-authored with Sheen T. 59 minus 0.