Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
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 Fortune?s Formula will convince you that he was right.
- Price Range:$4.64 to $10.80 | 5 stores
- Info:
- Tags:
ComparePrices
| title,desc | merchant | price | seeit |
|---|---|---|---|
|
Smarter Choice
In 1961, MIT mathematics professor Ed Thorp made a small Vegas fortune by counting cards ; his 1962 bestseller, Beat... |
|
See it | |
|
Fortune's Formula: The Untold Story...
Investments and Securities - General Business & Economics - In 1956 two Bell Labs scientists discovered the... |
|
|
See it |
|
Fortune's Formula: The Untold Story...
In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude... |
|
See it | |
|
Fortune's Formula: The Untold Story...
Like New
|
See it | ||
|
Fortune's Formula: The Untold Story...
Pages: 400, Edition: 1st, Paperback, Hill and Wang |
|
See it |
*Shipping costs are based on an estimate of the lowest shipping rate available within the contiguous US, excluding Alaska and Hawaii. Only merchants with this product in stock are listed (Merchants with this product back ordered have been removed from this list).
Do you see a pricing error? Please let us know by filling out a simple form: Click here
MoreStores
ProductReviews84/100 (60 Reviews)
Recent Reviews
- 5/5
- From: Amazon
- Posted: Nov-23-2008
- Enjoyable and inspiring tale
It might be a matter of personal taste, since I've found other reviewers with exactly the opposite opinion, but I really enjoyed the book and, given the fact that English is not my first language, it can't be possibly be written as badly...
- read full review | report as inappropriate
- 5/5
- From: Amazon
- Posted: Oct-06-2008
- Book review
Good book. I enjoyed it.Especially good for those interested in the Kelly criterion and all the people along the way who wanted to maximise gambling profit or investment profit.
- read full review | report as inappropriate
- 5/5
- From: Amazon
- Posted: Aug-28-2008
- Entertaining
Book was more than I expected. Tied in many stories dating back to the early 1900's and the beginning of AT&T. Excellent read, very entertaining and well researched.
- read full review | report as inappropriate
- 5/5
- From: Amazon
- Posted: Jun-25-2008
- It takes exceptionally smart people to make truly massive blunders
This book is a concise look at the evolution of formal investment theory, with continual contextual references to its ties to gambling and to organized crime. It also is a hilarious and insightful history of gambling from the Bernoulli's...
- read full review | report as inappropriate
Selected Reviews
- 5/5
- From: Amazon
- Posted: Nov-23-2008
- Enjoyable and inspiring tale
It might be a matter of personal taste, since I've found other reviewers with exactly the opposite opinion, but I really enjoyed the book and, given the fact that English is not my first language, it can't be possibly be written as badly...
- read full review | report as inappropriate
- 3/5
- From: Amazon
- Posted: May-29-2008
- OK, but not great
Having just finished Poundstone's book on Gaming the Vote, I was hoping for a book equally as interesting. Although this book was worth reading, and there are a few aspects from it that I will put into practice, I did not walk away...
- read full review | report as inappropriate
- 2/5
- From: Amazon
- Posted: Apr-18-2007
- Hard to Stick With, but Interesting True Story
I'm not a trader, or a scientist, or a mathematician which this book seems to be geared towards. I'm just an average reader who thought this information would be an interesting, casual read. Much of the information was interesting;...
- read full review | report as inappropriate
SimilarProducts
-
How I Made $2,000,000 In The Stock Market
-
Escape Fire: Designs for the Future of Health Care
-
Standards of Practice Handbook, 9th Edition
-
Buy and Hold Is Dead (Again): The Case for Active Portfolio Management in Dangerous Markets
-
Trading Stock Options: Basic Option Trading Strategies And How I've Used Them To Profit In Any Market
-
How to Invest $50-$5,000 9e: The Small Investor's Step-By-Step Plan for Low-Risk, High-Value Investing
-
When to Sell: Inside Strategies for Stock-Market Profits
-
Channel Surfing: Riding the Waves of Channels to Profitable Trading
-
Pass the 6: A Training Guide for the NASD Series 6 Exam (First Books Training Library)








