Fortune's Formula
The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
$45.16
- Paperback
408 pages
- Release Date
19 September 2006
Summary
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…
Book Details
| ISBN-13: | 9780809045990 |
|---|---|
| ISBN-10: | 0809045990 |
| Author: | William Poundstone |
| Publisher: | Hill & Wang |
| Imprint: | Hill & Wang |
| Format: | Paperback |
| Number of Pages: | 408 |
| Release Date: | 19 September 2006 |
| Weight: | 340g |
| Dimensions: | 208mm x 140mm x 28mm |
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What They're Saying
Critics Review
“Seldom have true crime and smart math been blended together so engagingly.” –The Wall Street Journal
“An amazing story that gives a big idea the needed star treatment … Fortune’s Formula will appeal to readers of such books as Peter L. Bernstein’s Against the Gods, Nassim Nicholas Taleb’s Fooled by Randomness, and Roger Lowenstein’s When Genius Failed. All try to explain why smart people take stupid risks. Poundstone goes them one better by showing how hedge fund Long-Term Capital Management, for one, could have avoided disaster by following the Kelly method.” –Business Week (four stars)
”‘Fortune’s Formula’ may be the world’s first history book, gambling primer, mathematics text, economics manual, personal finance guide and joke book in a single volume. Poundstone comes across as the best college professor you ever hand, someone who can turn almost any technical topic into an entertaining and zesty lecture.” –The New York Times Book Review
About The Author
William Poundstone
William Poundstone is the bestselling author of several nonfiction books, including Labyrinths of Reason and The Recursive Universe.
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