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Fortune's Formula : The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street ISBN: 9780809045990 Publication Date: 19 September 2006
In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory--the basis of computers and the Internet--to the problem of making as much money as possible, as fast as possible. Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenonally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. "Fortune's Formula "traces how the Kelly formula sparked controversy" "even as it made fortunes at racetracks, casinos, and trading" "desks. It reveals the dark side of this alluring scheme, which is" "founded on exploiting an insider's edge. "" Shannon believed it was possible for a smart investor to beat" "the market--and "Fortune's Formula "will convince you that he was right. William Poundstone is the bestselling author of ten nonfiction books, including "Labyrinths of Reason "and "The Recursive Universe," both of which were nominated for the Pulitzer Prize. In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory--the basis of computers and the Internet--to the problem of making as muc...
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Average Star Rating: 3.9 out of 5
(13 customer reviews)
13 reviews for Fortune's Formula The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Rated 4 out of 5
Rose Rain from Smolensk, Russia
The best quality, and yeah most important, prices are the best, available to everyone. Just to have the best of the best. Thanks groups.
Rated 4 out of 5
JeanClaudeVanDarnItAll from Suwon, Korea, South
Enticing price on the group buy, best value for the money. I am happy with my purchase and quality is good.
Rated 4 out of 5
Sidewalk Enforcer from Nizhniy Tagil, Russia
Group buy so cheap for such a good item, delivered after group buy end
Rated 4 out of 5
You are so Wonk from Cairo, Egypt
Well deserving of 5 stars and great price group purchase
United States of America
Rose Rain from Smolensk, Russia
The best quality, and yeah most important, prices are the best, available to everyone. Just to have the best of the best. Thanks groups.
JeanClaudeVanDarnItAll from Suwon, Korea, South
Enticing price on the group buy, best value for the money. I am happy with my purchase and quality is good.
Sidewalk Enforcer from Nizhniy Tagil, Russia
Group buy so cheap for such a good item, delivered after group buy end
You are so Wonk from Cairo, Egypt
Well deserving of 5 stars and great price group purchase
Peace Fighter from Grand Rapids, United States
Well worth every dollar!