作者:
William Poundstone 出版社: Hill and Wang 副标题: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street 出版年: 2006-9-19 页数: 386 定价: USD 16.95 装帧: Paperback ISBN: 9780809045990
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...
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 phenomenonally 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 "Fortune's Formula "will convince you that he was right.
In the long run, “bet your beliefs” will earn you the maximum possible compound return—provided that your assessment of the odds is more accurate than the public’s.
The executives worried about the title, “Information Theory and Gambling.” They feared the press might get hold of the article and conclude that Bell Labs was doing work to benefit illegal bookies. That was still a touchy subject with AT&T. Bookies were still big customers.
Nevertheless, people who skimmed Thorp’s book probably did not understand the importance of scaling their bets to their bankroll. It is a natural impulse to make large wagers when the deck is hot. For many, this must have been a costly mistake.
Having a computer “sing” a popular song is cheating slightly—the familiar tune cues listeners to the words. It is t... (查看原文)
0 有用 踏雪 2012-05-18 20:15:16
言尽而意不尽,意尽而情不尽。
1 有用 c h l 2013-07-01 00:59:53
各种鸡零狗碎的八卦。。。像是由若干畅销书剪切复制粘贴凑起来的。此外本书骨骼精奇,节奏甚为微妙,很多地方能明显感觉到作者努力走野史评书路线的痕迹,同时也能明显感觉到作者发力不当。。。
0 有用 二零四六 2014-09-05 19:48:00
it all started with Shannon and Kelly, a new view towards information and investment
0 有用 BronzeD 2023-10-08 22:57:45 辽宁
别被最开始写美国黑帮的故事骗了,其实就像title说的,是academic history。 prose虽说没啥意思(支离破碎可以说),但好在作者一看就是真的懂行的(懂数学 懂金融行业 不像那种记者写的书 ),所以内容是很有价值的。
0 有用 sakaa 2014-01-20 04:07:46
蛮有趣的小书