The Resource Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download)
Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download)
Resource Information
The item Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Public Libraries of Suffolk County, New York.This item is available to borrow from 1 library branch.
Resource Information
The item Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Public Libraries of Suffolk County, New York.
This item is available to borrow from 1 library branch.
- Summary
- 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 William Poundstone's Fortune's Formula will convince you that he was right
- Language
- eng
- Edition
- Unabridged.
- Extent
- 1 online resource (9 audio files)
- Note
- Unabridged
- Isbn
- 9781427294821
- Label
- Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street.
- Title
- Fortune's formula
- Title remainder
- The untold story of the scientific betting system that beat the casinos and wall street.
- Statement of responsibility
- William Poundstone
- Language
- eng
- Summary
- 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 William Poundstone's Fortune's Formula will convince you that he was right
- Accompanying matter
- technical information on music
- http://library.link/vocab/creatorName
- Poundstone, William
- PerformerNote
- Narrator: Jeremy Arthur
- http://library.link/vocab/relatedWorkOrContributorName
- Arthur, Jeremy
- Label
- Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download)
- Note
- Unabridged
- Capture and storage technique
- digital storage
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Configuration of playback channels
- stereophonic
- Content category
- spoken word
- Content type code
-
- spw
- Content type MARC source
- rdacontent
- Dimensions
- unknown
- Edition
- Unabridged.
- Extent
- 1 online resource (9 audio files)
- Form of item
- electronic
- Groove width / pitch
- not applicable
- Isbn
- 9781427294821
- Media category
-
- audio
- computer
- Media MARC source
-
- rdamedia
- rdamedia
- Media type code
-
- s
- c
- Other physical details
- digital
- http://library.link/vocab/ext/overdrive/overdriveId
- dd617451-3295-4856-b672-b2732f03813e
- Sound
- sound
- Special playback characteristics
- digital recording
- Specific material designation
-
- remote
- other
- Speed
- unknown
- System details
- Requires OverDrive Listen (file size: N/A KB) or OverDrive app (file size: 282349 KB)
- Tape configuration
- not applicable
- Tape width
- not applicable
- Label
- Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download)
- Note
- Unabridged
- Capture and storage technique
- digital storage
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Configuration of playback channels
- stereophonic
- Content category
- spoken word
- Content type code
-
- spw
- Content type MARC source
- rdacontent
- Dimensions
- unknown
- Edition
- Unabridged.
- Extent
- 1 online resource (9 audio files)
- Form of item
- electronic
- Groove width / pitch
- not applicable
- Isbn
- 9781427294821
- Media category
-
- audio
- computer
- Media MARC source
-
- rdamedia
- rdamedia
- Media type code
-
- s
- c
- Other physical details
- digital
- http://library.link/vocab/ext/overdrive/overdriveId
- dd617451-3295-4856-b672-b2732f03813e
- Sound
- sound
- Special playback characteristics
- digital recording
- Specific material designation
-
- remote
- other
- Speed
- unknown
- System details
- Requires OverDrive Listen (file size: N/A KB) or OverDrive app (file size: 282349 KB)
- Tape configuration
- not applicable
- Tape width
- not applicable
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.livebrary.com/portal/Fortunes-formula--The-untold-story-of-the/4olnwclWwkA/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.livebrary.com/portal/Fortunes-formula--The-untold-story-of-the/4olnwclWwkA/">Fortune's formula : The untold story of the scientific betting system that beat the casinos and wall street., William Poundstone, (sound recording audiobook download)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.livebrary.com/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="https://link.livebrary.com/">Public Libraries of Suffolk County, New York</a></span></span></span></span></div>
