Fortune's Formula
The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Échec de l'ajout au panier.
Échec de l'ajout à la liste d'envies.
Échec de la suppression de la liste d’envies.
Échec du suivi du balado
Ne plus suivre le balado a échoué
0,99 $/mois pendant vos 3 premiers mois
Exclusivité Prime: 2 titres
gratuits à choisir pendant l'essa. Des conditions s’appliquent.
Fortune's Formula
Acheter pour 26,99 $
Aucun mode de paiement valide enregistré.
Nous sommes désolés. Nous ne pouvons vendre ce titre avec ce mode de paiement
-
Narrateur(s):
-
Jeremy Arthur
-
Auteur(s):
-
William Poundstone
À propos de cet audio
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 Fortune's Formula will convince you that he was right.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2005 William Poundstone (P)2017 Macmillan AudioCe que les auditeurs disent de Fortune's Formula
Moyenne des évaluations de clientsÉvaluations – Cliquez sur les onglets pour changer la source des évaluations.
-
Au global5 out of 5 stars
-
Performance5 out of 5 stars
-
Histoire5 out of 5 stars
- Brian White
- 2021-03-22
Do you invest? You NEED to listen to this book!
Loved it. Breaks down complicated mathematical problems into "easy" to understand concepts. I loved this book so much I purchased the physical copy to be added to my collection!
Un problème est survenu. Veuillez réessayer dans quelques minutes.
Vous avez donné votre avis sur cette évaluation.
Vous avez donné votre avis sur cette évaluation.
-
Au global5 out of 5 stars
-
Performance5 out of 5 stars
-
Histoire5 out of 5 stars
- arshan
- 2024-01-02
Fascinating Story on Finance, gamble and engineering.
Poundstone’s work is a remarkable feat, skillfully weaving together complex engineering and financial equations into a coherent and engaging narrative. He masterfully connects a diverse array of topics, from the expiration of Bell’s patent and the involvement of crime families, to the intricacies of American Telephone and Telegraph’s operations and the workings of the general news bureau. The way he intricately links these elements with the Kelly criterion, alongside the world of gambling through blackjack and roulette, and even the Black-Scholes model, is truly fascinating. His ability to make these complex subjects accessible and interesting is commendable.
Un problème est survenu. Veuillez réessayer dans quelques minutes.
Vous avez donné votre avis sur cette évaluation.
Vous avez donné votre avis sur cette évaluation.