“At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.”
Quote by William Poundstone
Author
William Poundstone
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. more
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“The assumption that anything true is knowable is the grandfather of paradoxes.”
Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
“Shannon's most radical insight was that meaning was irrelevant.”
“In real conversations, we are always trying to outguess each other.”
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
“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