Beat the Market: A Scientific Stock Market System by Edward O. Thorp (PDF)

Description

The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with 2000.00$ brokerage account can conduct his own investment program. Details are given of actual investments made by the authors, one of whom more then doubled $100,000 in five years.

User’s Reviews

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐Since its’ last printing was in the 1960s, I expected to receive a book that appeared more worn. Instead, though you can see it aged, the way the seller cared for this book made it pristine. It was covered and wrapped beautifully and is collector worthy. I would venture a guess that this seller takes similar care with all their books. I am impressed and very pleased.

⭐the book is super old, the content is way outdated 1967 , the price was ridiculous. returning

⭐options are not for everyone, and a book written in 1967 is outdated.the book was not a success, as it was never updated.The author also wrote “beat the dealer” about card counting in 21.another system which is not for everybody, and -if you believe the movies- canlend you in the hospital, when you are caught counting in the casino.to some people, both systems are plain boringand rather demanding. if not nerve-wrecking.

⭐The framework of the one of the first hedge funds. Profiting from arbitrage which is very difficult today but was ingenious when this was written in 1967. Thorp is well known for his book “Beat the Dealer” where he created a means to counting cards in blackjack.

⭐Excellent, informative and fun to read.

⭐This is a well-written book presenting a hedging system that uses stocks, warrants and other convertible securities. The hedging system was invented almost 50 years ago when there were very few hedge funds (allegedly the author’s hedge fund was one of the first using such a system), so I don’t know if this system still works. But if you’re new to hedging then I recommend this book as a good introduction to the concept. The author has made the book available for free download from his website.

⭐E. O. Thorp has made a tremendous career from finding opportunities and properly exploiting them as advertised in this ground breaking book. There is no one in the financial world who has had a better risk-adjusted return than Thorp for the last 30 years.Virtually unknown is the fact that years before, Thorp invented/discovered the formula that is attributed to Black-Scholes, with the exception of the risk-free interest rate factor, because of existing market structure that prevented interest from being a factor.And Thorp’s treatment of the Kelly Criterion makes this a standout work.Since many have never read this book yet or tried to apply the principles that Thorp revealed in this book, it would be easy to dismiss this as some worn-out idea that has come and gone. Far from it. There is a reason that the few copies that were printed are still in demand.The old saying is that those who can, do – while those who can’t, teach. Thorp proved that he was the former.If the principles from the book are understood the execution in different markets becomes apparent. In the last 20 years, I have applied the method in different forms in stocks, futures markets and LEAPS, with returns that exceeded the benchmarks stated in the book, with the same relative safety factors.As long as there are people making investment decisions; who change their views as to whether a tradeable is cheap or dear, the opportunity for this method will remain infinite.The concept IS the thing.

⭐Good Book–offered for free pdf — on lineThis is a good book–sort of a classic since it’s written by thorpe–google search it and you can find a free pdf online

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