Download and Read books Fortune's Formula online PDF, TXT, ePub, PDB, RTF, FB2 & Audio Books files for your device. So, you can read the books in any times.

[1.27 MiB] Fortune's Formula books by William Poundstone

Fortune's Formula
Title:Fortune's Formula
Format Type:eBook PDF / e-Pub
Date release:
Size:1.27 MiB
Category:Investing, Books, Business & Personal Finance, Personal Finance
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.
  • Powwow
  • Cora Cooks Pancit - Read Aloud Edition
  • Christopher Columbus & the Americas : 3rd Grade US History Series
  • Sisters of the War: Two Remarkable True Stories of Survival and Hope in Syria (Scholastic Focus)
  • In the Shadow of Liberty
  • Sitting Bull
  • 10 True Tales: 9/11 Heroes
  • Más alla de mí
  • Children of War
  • Ana's Story
  • A Few Red Drops
  • Eyes Wide Open
  • Never Caught, the Story of Ona Judge
  • Senderos fronterizos
  • Looks Like Daylight
  • Growing Up in Slavery
  • March Forward, Girl
  • Malcolm X: By Any Means Necessary (Scholastic Focus)
  • Breaking Through
  • Election!
  • Heads Up Philosophy
  • Man of Steel: Joseph Stalin
  • 10 True Tales: Crime Scene Investigators
  • 10 True Tales: World War II Heroes