Business
What I learned from reading A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Ed Thorp.Ed Thorp’s memoir reads like a thriller — mixing wearable computers that would have made James Bond proud, shady characters, great scientists, and poisoning attempts. (0:25), you can read the entire forward to this book here, (8:21), Ed Thorp's 4 rules (10:15), Ed Thorp developed a love of reading at a young age (12:50), long term effects of the great depression (13:40), early lessons in entrepreneurship (15:01), how Ed Thorp supports himself in college (16:45), On beating Roulette: Conventional wisdom said the noise was enough to ruin the prediction. I didn’t think so and decided to find out. (21:31),A Dozen Lessons on Investing from Ed Throp (23:16) being driven and curious can lead you anywhere (24:45), how Ed Thorp meets Claude Shannon (26:15), Ed’s philosophy on life (30:00), Cheating is rampant in gambling and business: You need a good offense and a good defense. And a good defense keeps other people from taking your money (34:00), After being drugged and almost killed he decides to focus his talents on the stock market (41:40), how Ed Thorp starts studying financial markets (42:37), Ed Thorp meets Warren Buffett (48:43), Ed's philosophy on management (54:44), his hedge fund is raided. this is why. (57:06), Ed reflects on what his next move should be. He decides to focus on time well spent (1:00:00), Ed on learning (1:06:30), the main Lesson from this book and the life of Ed Thorp: Life is about spending time well (1:08:02)Become a Misfit today for access to the entire back catalogue of premium episodes, two extra podcasts a month available no where else, and lifetime access to my Evernote notebook containing notes from 250+ podcasts and lectures on entrepreneurship. A list of all the books featured on Founders Podcast.Twitter: @founderspodcast Instagram: @founderspodcast Instagram: