“Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.”
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
“A bit is worth 10,000 basis points.”
Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
“Kelly was aware that there is one type of favorable bet available to everyone; the stock market.”
Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
“The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.”
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
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
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
