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William Poundstone Quotes

Author

William Poundstone, born on March 29, 1955, is a renowned American author. His works span across various fields such as psychology, mathematics, and economics, and he is appreciated for his engaging writing style and insightful perspectives.

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All Paradox Shannon Compounds Contradiction Entropy Has Beens Highest Insight Investment Investors Mathematician People Rate Real Return Secret Simple Utility Able All Time

Famous William Poundstone Quotes

“"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.”

Given Race Taxes Percent Hot Rate Average Track Decent Investors Inflation Steep Race Track

Author:William Poundstone

“The ultimate compound return rate is acutely sensitive to fat tails.”

Return Ultimate Rate Fats Sensitive Tails Compounds

Book:Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

About the Author

Born: March 29, 1955
Known for: Author
Quotes: 26

Books & Sources

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall StreetRelated source material

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