Download Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street AudioBook Free
In 1956 two Bell Labs researchers discovered the methodical formula for getting wealthy. One was mathematician Claude Shannon, neurotic daddy of our own digital age group, whose genius is positioned with Einstein's. The other was John L. Kelly Jr., a Texas-born gun-toting physicist. Along they applied the research of information theory - the basis of computer systems and the web - to the challenge of making just as much money as is feasible as fast as possible. Shannon and MIT mathematician Edward O. Thorp had taken the "Kelly method" to NEVADA. It functioned. They became aware that there is even more income to be produced in the currency markets. Thorp used the Kelly system along with his phenomenally successful hedge fund, Princeton-Newport Partners. Shannon became an effective trader, too, topping even Warren Buffett's rate of come back. Fortune's Formulation traces how the Kelly method sparked controversy even while it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this attractive design, which is founded on exploiting an insider's border. Shannon thought it was easy for a smart trader to beat the market - and Fortune's Formulation will convince you that he was right. PLEASE Notice: When you purchase this title, the accompanying reference point material will be available in your Library section along with the audio.
