Buy used:

$476.92

& FREE Shipping. Details

FREE delivery: Saturday, May 8 Details

Fastest delivery: Thursday, May 6
Order within 17 hrs and 9 mins Details

Used: Good | Details

Sold by -Book Bandit-

Fulfilled by Amazon

Have one to sell?

Sell on Amazon

Flip to back Flip to front

Listen Playing... Paused You're listening to a sample of the Audible audio edition.
Learn more

See this image

Follow the Author

Edward O. Thorp

Beat the Market: A Scientific Stock Market System Hardcover – October 1, 1967

by Edward O. Thorp (Author), Sheen T. Kassouf (Author)

11 ratings

See all formats and editions Hide other formats and editions

Price

New from

Used from

Hardcover

"Please retry"

$987.25

$919.00

$551.57

Hardcover, October 1, 1967

$476.92

—

$399.95

Hardcover
$476.92

14 Used from $399.95 7 Collectible from $403.99

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.

Print length

221 pages
Language

English
Publisher

Random House
Publication date

October 1, 1967
ISBN-10

0394424395
ISBN-13

978-0394424392
See all details

Customers who viewed this item also viewed

Page 1 of 1 Start overPage 1 of 1

Edward O. Thorp
655
Paperback
$16.29
In Stock.
Edward O. Thorp
427
Mass Market Paperback
$11.89
In Stock.
William Poundstone
376
Paperback
$16.95
In Stock.
Leonard C. MacLean
40
Paperback
$43.44
Only 9 left in stock (more on the way).
Gregory Zuckerman
1,994
Hardcover
$18.67
In Stock.
Ernie Chan
110
Hardcover
$33.56
In Stock.

Customers who bought this item also bought

Page 1 of 1 Start overPage 1 of 1

Edward O. Thorp
655
Paperback
$16.29
In Stock.
Edward O. Thorp
427
Mass Market Paperback
$11.89
In Stock.
Leonard C. MacLean
40
Paperback
$43.44
Only 9 left in stock (more on the way).
Edward O. Thorp
655
Hardcover
$24.30
In Stock.
Gregory Zuckerman
1,994
Hardcover
$18.67
In Stock.
Edward Thorp
6
Paperback
2 offers from $146.00

What other items do customers buy after viewing this item?

Page 1 of 1 Start overPage 1 of 1

Edward O. Thorp
655
Paperback
$16.29
In Stock.
Edward O. Thorp
427
Mass Market Paperback
$11.89
In Stock.
William Poundstone
376
Paperback
$16.95
In Stock.
Leonard C. MacLean
40
Paperback
$43.44
Only 9 left in stock (more on the way).
Benjamin Graham
23,214
Paperback
in Economics
$14.29
In Stock.
Gregory Zuckerman
1,994
Hardcover
$18.67
In Stock.

Special offers and product promotions

Amazon Business: Make the most of your Amazon Business account with exclusive tools and savings. Login now
Business Prime : For Fast, FREE shipping, premium procurement benefits, and member-only offers on Amazon Business. Try Business Prime free.

Product details

Publisher : Random House; 1st edition (October 1, 1967)
Language : English
Hardcover : 221 pages
ISBN-10 : 0394424395
ISBN-13 : 978-0394424392
Item Weight : 1 pounds

Best Sellers Rank: #1,274,219 in Books (See Top 100 in Books)
- #1,993 in Stock Market Investing (Books)

Customer Reviews:
11 ratings

Customer reviews

5 star		78%
4 star		7%
3 star 0% (0%)		0%
2 star		15%
1 star 0% (0%)		0%

How are ratings calculated?

Top reviews from the United States

There was a problem filtering reviews right now. Please try again later.

Barbarahh

Arrived in EXCELLENT condition.

Reviewed in the United States on September 5, 2018

Verified Purchase

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.

3 people found this helpful

Helpful

Amazon Customer

If you're an investing geek...

Reviewed in the United States on March 7, 2017

Verified Purchase

Excellent, informative and fun to read.

5 people found this helpful

Helpful

Louis Ebner

The Hedge Fund Framework

Reviewed in the United States on February 3, 2013

Verified Purchase

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.

6 people found this helpful

Helpful

vic dannon

outdated book about options

Reviewed in the United States on June 12, 2014

Verified Purchase

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- can
lend you in the hospital, when you are caught counting in the casino.
to some people, both systems are plain boring
and rather demanding. if not nerve-wrecking.

6 people found this helpful

Helpful

Ratatosk

Good introduction to hedging

Reviewed in the United States on January 6, 2013

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.

17 people found this helpful

Helpful

Bachelier

Dated, but a good filter rule

Reviewed in the United States on August 27, 2007

The strategies in this wonderful book are only employable in Asia now, and in very limited ways (often insurance and bank stocks and bonds) but you take a lot of liquidity risk, so I'm not sure if you are still paid alpha over an expected return.

Still, a marvellous read. Pre-dates the Black-Scholes by five years, but in a replicating portfolio no-arbitrage method (which implies a lognormally distributed expected equity return) which Thorp then correctly pointed out was arbitrageable.

This book also serves as a curious filter rule. Those who read this and understand the old world and Thorp's method most likely can see current methods and models and break them down and differentiate them into tractable and fantasy. Credit structures who've relied on standard cash-flow and default probability metrics would have done well to start with Thorp to see how what they construct can be de-constructed by clever boots who see both the strengths of the original construct, and the copula methods and correlation assumptions in the structure (and its decay) to make arbitrage opportunities. In other words; if they read Thorp and "get it" they have a lower likelihood of being hoodwinked going forward.

37 people found this helpful

Helpful

J. Rensink

The veritable secrets of the universe are revealed

Reviewed in the United States on March 23, 2007

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.

49 people found this helpful

Helpful

Math Fan

Good Book--free pdf online

Reviewed in the United States on November 22, 2013

Good Book--offered for free pdf -- on line
This 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

26 people found this helpful

Helpful