🧠 Trading Legends Series | Edward Thorp – the man who beat the casino and "Wall Street"
Edward O. Thorp wasn't just a trader… he was a mathematician, a professor, an inventor, and a professional blackjack player who really beat the system… whether in casinos or in financial markets.
🔢 Thorp used probability theory to invent a card counting method in blackjack, and wrote his famous book Beat the Dealer which forced casinos to change their rules.
But he didn’t stop there… he took the same approach and applied it to financial markets, becoming one of the first to use quantitative models on Wall Street.
📈 In 1969, he founded the Princeton/Newport Partners hedge fund, achieving consistent profits for 19 consecutive years!
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✅ His trading style (Thorp's method):
Rely on the mathematical edge, not feelings or emotions.
He used arbitrage strategies and statistical models to discover low-risk profits.
He considered risk management to be the foundation of any trade: no trade is worth losing a lot on.
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📚 What can we learn from Thorp?
Mathematics can overcome emotions in the market.
Probabilities are powerful… understand your chances well before you act.
Small, consistent profits can build legendary success.
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🔍 This is information, not advice, and the market is always risky, think for yourself and make your own decision.
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