Fortune’s Formula Audiobook 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.
Other Top Audiobooks
Fortune’s Formula Audiobook Narrator
Jeremy Arthur is the narrator of Fortune’s Formula audiobook that was written by William Poundstone
William Poundstone is the bestselling author of more than a dozen nonfiction books, including Fortune’s Formula, Gaming the Vote and Priceless. His books Labyrinths of Reason and The Recursive Universe were both nominated for the Pulitzer Prize.
About the Author(s) of Fortune’s Formula
William Poundstone is the author of Fortune’s Formula
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Fortune’s Formula Full Details
Narrator | Jeremy Arthur |
Length | 10 hours 2 minutes |
Author | William Poundstone |
Category | |
Publisher | Macmillan Audio |
Release date | June 20, 2017 |
ISBN | 9781427294821 |
Subjects
The publisher of the Fortune’s Formula is Macmillan Audio. includes the following subjects: The BISAC Subject Code is Business & Economics, Investing, Personal Finance
Additional info
The publisher of the Fortune’s Formula is Macmillan Audio. The imprint is Macmillan Audio. It is supplied by Macmillan Audio. The ISBN-13 is 9781427294821.
Global Availability
This book is only available in the United States.
Frequently asked questions
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