FORTUNE'S FORMULA.......HIGHLY RECOMMEND this book

**Fishhead** · 12-06-09, 01:00 PM

Fortune's Formula is a fascinating study of the connections between such seemingly unrelated topics as gambling, information theory, stock investing, and applied mathematics. The story involves the stunning brainpower of men such as MIT professor Claude Shannon, who single-handedly invented information theory, the science behind the Internet and all digital media; Ed Thorpe; and John Kelly of Bell Laboratories, who developed the "Kelly criterion," a now-legendary investment strategy for maximizing growth while controlling risk. Initially, Shannon and Thorpe took Kelly's theory to Las Vegas and applied it to roulette and blackjack. Later, they took it to Wall Street and cleaned up--Shannon made a personal fortune while Thorpe created the highly successful hedge firm Princeton-Newport Partners. They both discovered that Kelly's system was particularly effective when applied to arbitrage (minute price differences that result from market inefficiencies). As Poundstone ably demonstrates, the merits of Kelly's criterion are still hotly debated today.

**durito** · 12-06-09, 01:03 PM

It is a good book, you obviously didn't understand any of it.

**koby25** · 12-06-09, 08:59 PM

I will check this one out.

**JohnAnthony** · 12-06-09, 10:00 PM

it would be fair to state that the link you posted is an affiliate one and that you get a comiss. for every purchase.

**ClydeFontaine** · 12-07-09, 01:02 AM

Serious question. Are you retarded?

**Fishhead** · 12-07-09, 07:58 AM

Originally posted by ClydeFontaine

Serious question. Are you retarded?

I think Mr. Anthony has been in the tulip garden a little much.

**Peep** · 12-07-09, 04:53 PM

So did you really put up an affilate coded link Fish? Things are that bad in River City?

**Fishhead** · 12-07-09, 06:00 PM

Originally posted by Peep

So did you really put up an affilate coded link Fish? Things are that bad in River City?

Stop with the nonsense, I haven't made one cent in my life from an affiliate.............some people have great imaginations.

**Peep** · 12-07-09, 08:00 PM

Just going by what John Anthony said Fish. I didn't know if that was an affilate coded link or not.

**MrX** · 12-07-09, 08:14 PM

It's not.

**Fishhead** · 12-07-09, 08:34 PM

Originally posted by MrX

It's not.

Thank you......

**Wrecktangle** · 12-07-09, 09:12 PM

durito, clyde, peep: it is unseemly and unbecoming our decorum to personally attack anyone here in the Tank, Fish or otherwise.

Be nice or I'll request the management to muzzle you.

**Peep** · 12-07-09, 09:54 PM

Originally posted by Wrecktangle

durito, clyde, peep: it is unseemly and unbecoming our decorum to personally attack anyone here in the Tank, Fish or otherwise.

Be nice or I'll request the management to muzzle you.

Now now Wreck.

We were "just sayin'" that is all. We never attack tools, they are defenseless, it would be an unfair fight.

**Wrecktangle** · 12-07-09, 10:38 PM

This is the reason Fish has fled PT and infested the inner sanctum of the Tank. With Blackguards like you about, you've driven rif-raf like Fish into our peaceable Kingdom.

And he hasn't posted a single equation to date.

**Peep** · 12-07-09, 11:01 PM

I must say, I have been called many things in my years of posting, but I think "Blackguard" is a first.

Seems to fit OK, I'll take it as a compliment.

**marcoforte** · 12-12-09, 07:27 PM

Back to the book, I agree it's a good read. It fills in the personal gaps of all the individuals mentioned and sets them in context of history.

**Wrecktangle** · 12-13-09, 08:39 AM

Originally posted by Peep

I must say, I have been called many things in my years of posting, but I think "Blackguard" is a first.

Seems to fit OK, I'll take it as a compliment.

black·guard (blgrd, -ärd)
n.
1. A thoroughly unprincipled person; a scoundrel.
2. A foul-mouthed person.
tr.v. black·guard·ed, black·guard·ing, black·guards
To abuse verbally; revile.

If the Foo Shits Peep.