Unfortunately, he doesn’t reveal much of his findings from his arbitrage trading. In the introduction, Thorp writes that he aims to show that a simple approach beats most investors and experts. In 2017 Thorp published A Man For All Markets: Beating The Odds, From Las Vegas To Wall Street, a personal odyssey in science, gambling, and financial markets. Managing outside money was not worth the time and hassle. After the unpleasant encounter in 1988, Thorp decided to manage his own money and stop serving investors except for friends and family. PNP compounded 19.1% from 1969 to 1988, almost more than double that of the S&P 500, with significantly less drawdowns. PNP never had a losing year from 1969 until 1988, when he decided to close because of a rogue employee (for reasons that had nothing to do with Thorp). However, outside the inner circles of hedge funds and academic researchers, Thorp is not well known, despite a stellar track record for his hedge fund, Princeton Newport Partners (PNP). Quotes, takeaways, and lessons from A Man For All Markets: Beating The Odds, From Las Vegas To Wall Street:Įd Thorp has one of the best investing track records – purely by quantified strategies.A Man For All Markets: Beating The Odds, From Las Vegas To Wall Street.8 simple quantitative trading strategies example with trading rules – video.Ed Thorp has one of the best investing track records – purely by quantified strategies.
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