Bloomberg View columnist Barry Ritholtz interviews Ed Thorp, one of the most storied people in finance. A math professor at MIT and UC Ivine, Thorp figured out how to beat Las Vegas at blackjack and baccarat, created statistical arbitrage, and ran a hedge fund that not only beat the market by a wide margin, but never had a losing quarter. He is the author of several books, including "Beat the Dealer" and "Beat the Market"; his latest book is "A Man for All Markets." Thorp tells Ritholtz that the secret to beating the market is having an edge that's specific, definable and mathematical. If you don't, you should be in index funds instead. This interview aired on Bloomberg Radio.

<p>Bloomberg View columnist Barry Ritholtz interviews Ed Thorp, one of the most storied people in finance. A math professor at MIT and UC Ivine, Thorp figured out how to beat Las Vegas at blackjack and baccarat, created statistical arbitrage, and ran a hedge fund that not only beat the market by a wide margin, but never had a losing quarter. He is the author of several books, including "Beat the Dealer" and "Beat the Market"; his latest book is "A Man for All Markets." Thorp tells Ritholtz that the secret to beating the market is having an edge that's specific, definable and mathematical. If you don't, you should be in index funds instead. This interview aired on Bloomberg Radio.</p>

Bloomberg Radio host Barry Ritholtz looks at the people and ideas that shape markets, investing and business.

<p>Bloomberg Radio host Barry Ritholtz looks at the people and ideas that shape markets, investing and business.</p>

Bloomberg's Barry Ritholtz looks at the people and ideas that shape markets, investing and business.

Masters in Business

Ed Thorp, the Man Who Beat the Dealer and the Market

Ed Thorp, The Man Who Beat The Dealer and The Market

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b4661c07-76ca-4e7a-982a-ae2b00395884/transcript

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