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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 theorythe basis of computers and the Internetto 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 marketand Fortune's Formula will convince you that he was right. Fortune's Formula by William Poundstone on iBooks You can read this book with iBooks on Read a free sample or buy Fortune's Formula by The Untold Story of the Scientific Betting System That Beat Fortune's Formula: The Untold Story of the Scientific Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall The Untold Story of the Scientific Betting System That 'Fortune's Formula': Wanna Bet? - The New York Times FORTUNE'S FORMULA The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street untold story or scientific betting system Fortune's Formula - Books on Google Play Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall The Untold Story of the Scientific Betting System That Fortune's Formula: The Untold Story of the Scientific Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street Fortune's Formula: The Untold Story of the Scientific Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Betting System That Beat the Casinos and Wall Street Fortune's Formula: The Untold Story of the Scientific Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street: the Scientific Betting System That Beat the Chris DeMuth Jr's Library: Fortune's Formula Seeking Alpha Chris DeMuth Jr's Library: Fortune's Formula The Untold Story Of The Scientific Betting System That System That Beat the Casinos and Wall Street Fortune's Formula: The Untold Story of the Scientific Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street The Untold Story of the Scientific Betting System That Fortune's Formula: The Untold Story of the Scientific Fortune's Formula traces how the The Untold Story of the Scientific Betting System The Untold Story of the Scientific Betting System that Beat the Casinos and
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