FORTUNE S FORMULA WILLIAM POUNDSTONE
FORTUNE S FORMULA WILLIAM POUNDSTONE In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. The other was John L. One was mathematician Claude Shannon, neurotic father…
Specifikacia FORTUNE S FORMULA WILLIAM POUNDSTONE
FORTUNE S FORMULA WILLIAM POUNDSTONE
In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. The other was John L. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's.
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. Kelly Jr., a Texas-born, gun-toting physicist. 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
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