In 1956 two Bell Labs scientists discovered the Scientific formula for getting rich.
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..
It reveals the dark side of this alluring scheme, which is founded on exploiting an insider\'s edge.
Fortune\'s Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks.
Shannon became a successful investor, too, topping even Warren Buffett\'s rate of return.
Thorp used the Kelly System with his phenomenally successful hedge fund, Princeton-Newport Partners.
They realized That there was even more money to be made in the stock market.
It worked.
Thorp took the "Kelly formula" to Las Vegas.
Shannon and MIT mathematician Edward O.
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.
Kelly Jr., a Texas-born, gun-toting physicist.
The other was John L.
One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein\'s.
In 1956 two Bell Labs scientists discovered the Scientific formula for getting rich
