Pre-Owned Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (Paperback) 0809045990 9780809045990

Name: Pre-Owned Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (Paperback) 0809045990 9780809045990
Brand: Hill & Wang
SKU: 1194581189
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Pre-Owned Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (Paperback) 0809045990 9780809045990 Fortune s Formula The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street Paperback

Key item features

Title: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Book Format: Paperback
ISBN10: 0809045990
EAN: 9780809045990
Genre: GAMES / Gambling / General (see also SELF-HELP / Compulsive Behavior / Gambling)
Author: Poundstone, William
Pre-Owned Condition- Pages can include limited notes and highlighting, and the copy can include 'From the library of' labels or previous owner inscriptions. Accessories such as CD, codes, toys, may not be included.

Specs

Book format
Paperback
Fiction/nonfiction
Non-Fiction
Genre
Nonfiction
Pages
408
Edition
First Edition
Publisher
Hill & Wang

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Product details

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 William Poundstone's Fortune's Formula will convince you that he was right.

Title: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Book Format: Paperback
ISBN10: 0809045990
EAN: 9780809045990
Genre: GAMES / Gambling / General (see also SELF-HELP / Compulsive Behavior / Gambling)
Author: Poundstone, William
Pre-Owned Condition- Pages can include limited notes and highlighting, and the copy can include 'From the library of' labels or previous owner inscriptions. Accessories such as CD, codes, toys, may not be included.

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What is Pre-Owned: Fair?

Worn with possible foxing, creasing or small tears and may not contain non-vital pages like endpapers— but its integrity is still intact. There may be underlining and highlighting of text and possible writing in the margins.

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