|
|
Product Description
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 phenomenally 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 William Poundstone's Fortune's Formula will convince you that he was right.
Customers Who Bought This Item Also Bought
- A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
- The Theory That Would Not Die: How Bayes' Rule Cracked the Enigma Code, Hunted Down Russian Submarines, and Emerged Triumphant from Two Centuries of Controversy
- A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
- The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution
- Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
- Rock Breaks Scissors: A Practical Guide to Outguessing and Outwitting Almost Everybody
- Priceless: The Myth of Fair Value (and How to Take Advantage of It)
- KELLY CAPITAL GROWTH INVESTMENT CRITERION, THE: THEORY AND PRACTICE (World Scientific Handbook in Financial Economic)
- Beat the Dealer: A Winning Strategy for the Game of Twenty-One
- The Doomsday Calculation: How an Equation that Predicts the Future Is Transforming Everything We Know About Life and the Universe
*If this is not the "Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall " product you were looking for, you can check the other results by clicking this link
.
Details were last updated on Nov 2, 2024 18:39 +08.
