“Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On a salary of 1,000 thalers a year, Euler left an estate of 170,587 thalers in cash and securities. Nothing is known of Gauss's investment methods.”
Quote by William Poundstone
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Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
This book delves into the development and application of a sophisticated betting strategy, revealing its effectiveness in both gambling and financial markets. more
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Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
“Your second ducat, like your second million, is never quite as sweet.”
Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
“Expectation is a statistical fiction, like having 2.5 children.”
Source: 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
“The ultimate compound return rate is acutely sensitive to fat tails.”
Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
