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Fortune S Formula by William Poundstone

Title Fortune s Formula
Author William Poundstone
Publisher Hill and Wang
Release Date 2010-06-01
Category Business & Economics
Total Pages 400
ISBN 0374707081
Language English, Spanish, and French
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Book 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 phenomenally 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.

The Recursive Universe by William Poundstone

Title The Recursive Universe
Author William Poundstone
Publisher Courier Corporation
Release Date 2013-06-19
Category Science
Total Pages 248
ISBN 9780486490984
Language English, Spanish, and French
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Book Summary:

This fascinating popular science journey explores key concepts in information theory in terms of Conway's "Game of Life" program. The author explains the application of natural law to a random system and demonstrates the necessity of limits. Other topics include the limits of knowledge, paradox of complexity, Maxwell's demon, Big Bang theory, and much more. 1985 edition.

Title The Kelly Capital Growth Investment Criterion
Author Leonard C. MacLean
Publisher World Scientific
Release Date 2011
Category Business & Economics
Total Pages 853
ISBN 9789814293495
Language English, Spanish, and French
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Book Summary:

This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.

Priceless by William Poundstone

Title Priceless
Author William Poundstone
Publisher Hill and Wang
Release Date 2010-01-05
Category Business & Economics
Total Pages 352
ISBN 1429943939
Language English, Spanish, and French
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Book Summary:

Prada stores carry a few obscenely expensive items in order to boost sales for everything else (which look like bargains in comparison). People used to download music for free, then Steve Jobs convinced them to pay. How? By charging 99 cents. That price has a hypnotic effect: the profit margin of the 99 Cents Only store is twice that of Wal-Mart. Why do text messages cost money, while e-mails are free? Why do jars of peanut butter keep getting smaller in order to keep the price the "same"? The answer is simple: prices are a collective hallucination. In Priceless, the bestselling author William Poundstone reveals the hidden psychology of value. In psychological experiments, people are unable to estimate "fair" prices accurately and are strongly influenced by the unconscious, irrational, and politically incorrect. It hasn't taken long for marketers to apply these findings. "Price consultants" advise retailers on how to convince consumers to pay more for less, and negotiation coaches offer similar advice for businesspeople cutting deals. The new psychology of price dictates the design of price tags, menus, rebates, "sale" ads, cell phone plans, supermarket aisles, real estate offers, wage packages, tort demands, and corporate buyouts. Prices are the most pervasive hidden persuaders of all. Rooted in the emerging field of behavioral decision theory, Priceless should prove indispensable to anyone who negotiates.

Formula For Fortune by Ann Uhry Abrams

Title Formula for Fortune
Author Ann Uhry Abrams
Publisher iUniverse
Release Date 2012-03
Category Biography & Autobiography
Total Pages 362
ISBN 9781462071685
Language English, Spanish, and French
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Book Summary:

Asa Candler rose from a rural background to reap a fortune. His windfall came from purchasing the Coca-Cola formula in 1888 and establishing the company that became a national phenomenon in less than a decade. In Formula for Fortune, author Ann Uhry Abrams narrates the life and times of Candler from his ancestral background to the death of the last of his five children. Formula for Fortune not only shows how he turned his entrepreneurial genius into an empire, but also relates his status in Atlanta, Georgia, as a prominent banker, realtor, philanthropist, civil servant, and mayor. Painting a lively portrait of the past, this biography tells a fascinating American story that covers a century of American and Southern life as seen through the eyes of a middle-class family elevated to prominence by their patriarch's incredible success. It not only provides a peek into the horse-and-buggy days of one of the nation's major corporations, but also follows Coca-Cola's fascinating transformation from patent-medicine to international phenomenon. Family dynamics weave through this drama of love, disappointments, and disaster played out against the background of four wars, a race riot, technological revolutions, and numerous courtroom dramas.

Fortune S Formula by William Poundstone

Title Fortune s Formula
Author William Poundstone
Publisher Unknown
Release Date 2007-08
Category
Total Pages 386
ISBN 1422368106
Language English, Spanish, and French
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Book Summary:

In 1956 two scientists, Claude Shannon; & John Kelly, Jr., discovered the scientific formula for getting rich. They applied the science of info. theory -- the basis of computers & the Internet -- to the problem of making as much money as possible. Shannon & Ed Thorp took the ¿Kelly formula¿ to the roulette & blackjack tables of Las Vegas. It worked. They realized that there was even more money to be made in the stock market, esp. in arbitrage. Thorp used the Kelly system with his successful hedge. This book traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, & trading desks. The cast of characters includes: J. Edgar Hoover, Rudolph Giuliani, Michael Milken, & Warren Buffett.

How To Gamble If You Must by Lester E. Dubins

Title How to Gamble If You Must
Author Lester E. Dubins
Publisher Courier Corporation
Release Date 2014-08-20
Category Mathematics
Total Pages 304
ISBN 9780486780641
Language English, Spanish, and French
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Book Summary:

This classic of advanced statistics is geared toward graduate-level readers and uses the concepts of gambling to develop important ideas in probability theory. The authors have distilled the essence of many years' research into a dozen concise chapters. "Strongly recommended" by the Journal of the American Statistical Association upon its initial publication, this revised and updated edition features contributions from two well-known statisticians that include a new Preface, updated references, and findings from recent research. Following an introductory chapter, the book formulates the gambler's problem and discusses gambling strategies. Succeeding chapters explore the properties associated with casinos and certain measures of subfairness. Concluding chapters relate the scope of the gambler's problems to more general mathematical ideas, including dynamic programming, Bayesian statistics, and stochastic processes. Dover (2014) revised and updated republication of the 1976 Dover edition entitled Inequalities for Stochastic Processes. See every Dover book in print at www.doverpublications.com

Title The City of Lost Fortunes
Author Bryan Camp
Publisher Houghton Mifflin Harcourt
Release Date 2018-04-17
Category Fiction
Total Pages 352
ISBN 9781328810816
Language English, Spanish, and French
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Book Summary:

The fate of New Orleans rests in the hands of a wayward grifter in this novel of gods, games, and monsters. Jude Dubuisson knows things he shouldn’t. He has the supernatural ability to find lost things, a gift passed down to him by the father he has never known—a father who was more than human. But so much was lost during Hurricane Katrina that it played havoc with Jude’s magic, leaving him overwhelmed and cursed. Jude has been lying low since the waters receded, hiding from his own power, his divine former employer, and a debt owed to the fortune god of New Orleans. When the fortune god is murdered, Jude is drawn back into a world full of magic, monsters, and miracles—and a deep conspiracy that threatens the city’s soul. As Jude investigates the fortune god’s death before the killer can strike again, he discovers what his talent for lost things has always been trying to show him: what it means to be his father’s son.

A Man For All Markets by Edward O. Thorp

Title A Man for All Markets
Author Edward O. Thorp
Publisher Random House Incorporated
Release Date 2017
Category Biography & Autobiography
Total Pages 396
ISBN 9781400067961
Language English, Spanish, and French
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Book Summary:

Traces the author's experiences as a mathematics wizard, author, inventor, hedge-fund manager, and card-counter who revealed casino-beating strategies, invented the first wearable computer, and launched a Wall Street revolution.

Title Love Fortunes and Other Disasters
Author Kimberly Karalius
Publisher Macmillan
Release Date 2015-05-12
Category Young Adult Fiction
Total Pages 368
ISBN 9781250063601
Language English, Spanish, and French
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Book Summary:

Love is real in the town of Grimbaud and Fallon Dupree has dreamed of attending high school there for years. After all, generations of Dupree's have successfully followed the (100% accurate!) love fortunes from Zita's famous Love Charms Shop to happily marry their high school sweethearts. It's a tradition. So she is both stunned and devastated when her fortune states that she will NEVER find love. Fortunately, Fallon isn't the only student with a terrible love fortune, and a rebellion is brewing. Fallon is determined to take control of her own fate—even if it means working with a notorious heartbreaker like Sebastian. Will Fallon and Sebastian be able to overthrow Zita's tyranny and fall in love?

Your Faith Is Your Fortune by Neville Goddard

Title Your Faith is Your Fortune
Author Neville Goddard
Publisher GENERAL PRESS
Release Date 2019-03-12
Category Religion
Total Pages 192
ISBN 9789388760652
Language English, Spanish, and French
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Book Summary:

Neville is becoming widely known as one of the most practical and dynamic spiritual thinkers of our time. In Your Faith Is Your Fortune he challenges you to put his ideas to the test. Are you ready to decide for yourself whether Neville’s simple principle that imagining creates reality really works? It may be the most important step you ever take.

Fortune S Rocks by Anita Shreve

Title Fortune s Rocks
Author Anita Shreve
Publisher Little, Brown
Release Date 2001-04-10
Category Fiction
Total Pages 320
ISBN 9780759522923
Language English, Spanish, and French
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Book Summary:

This magnificent novel transports readers to the world of a prominent Boston family summering on the New Hampshire coast, and to the social orbit of a spirited young woman who falls into a passionate, illicit affair with an older man, with cataclysmic results. The Fortune Rock's Quartet collects four of Anita Shreve's most beloved novels-Fortune's Rocks, The Pilot's Wife, Sea Glass, and Body Surfing-for the first time. The novels highlight Shreve's ability to illuminate women's lives across different eras and share a delightful detail: they are all set in the same coastal New England home, one that has inspired Shreve for over a decade. Any house with age to it can tell a million stories about the families who have lived there, and Shreve has been quoted as saying, ''You could base an entire life's work on the people who come in and out of a house.'' Fortune's Rocks depicts a spirited young woman at the turn of the 20th century who falls into a passionate, illicit affair with an older man. In Sea Glass, a young couple's new marriage is rocked to the core by the 1929 stock market crash. The Pilot's Wife brings us to the present day, where Kathryn is unprepared her for the late-night knock that lets her know her husband has been killed in a plane crash. Sydney, the heroine of Body Surfing has already been once divorced and once widowed by the age of 29, and finds the fragile existence she has rebuilt for herself threatened when two brothers vie for her affections. "There's something addictive about Shreve's tales," according to USA Today, and this quality is on full display in the critically acclaimed novels of The Fortune Rock's Quartet. No one writes more compellingly than Anita Shreve about marriage, family, the depths of our strength and resolve, and the supreme courage that it takes to love.

Head First Statistics by Dawn Griffiths

Title Head First Statistics
Author Dawn Griffiths
Publisher "O'Reilly Media, Inc."
Release Date 2008-08-26
Category Mathematics
Total Pages 716
ISBN 9780596800864
Language English, Spanish, and French
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Book Summary:

A comprehensive introduction to statistics that teaches the fundamentals with real-life scenarios, and covers histograms, quartiles, probability, Bayes' theorem, predictions, approximations, random samples, and related topics.

Gaming The Vote by William Poundstone

Title Gaming the Vote
Author William Poundstone
Publisher Hill and Wang
Release Date 2009-02-17
Category Political Science
Total Pages 352
ISBN 9781429957649
Language English, Spanish, and French
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Book Summary:

Our Electoral System is Fundamentally Flawed, But There's a Simple and Fair Solution At least five U.S. presidential elections have been won by the second most popular candidate. The reason was a "spoiler"—a minor candidate who takes enough votes away from the most popular candidate to tip the election to someone else. The spoiler effect is more than a glitch. It is a consequence of one of the most surprising intellectual discoveries of the twentieth century: the "impossibility theorem" of Nobel laureate economist Kenneth Arrow. The impossibility theorem asserts that voting is fundamentally unfair—a finding that has not been lost on today's political consultants. Armed with polls, focus groups, and smear campaigns, political strategists are exploiting the mathematical faults of the simple majority vote. In recent election cycles, this has led to such unlikely tactics as Republicans funding ballot drives for Green spoilers and Democrats paying for right-wing candidates' radio ads. Gaming the Vote shows that there is a solution to the spoiler problem that will satisfy both right and left. A system called range voting, already widely used on the Internet, is the fairest voting method of all, according to computer studies. Despite these findings, range voting remains controversial, and Gaming the Vote assesses the obstacles confronting any attempt to change the American electoral system. The latest of several books by William Poundstone on the theme of how important scientific ideas have affected the real world, Gaming the Vote is a wry exposé of how the political system really works, and a call to action.

Millennial Money by Patrick O'Shaughnessy

Title Millennial Money
Author Patrick O'Shaughnessy
Publisher St. Martin's Press
Release Date 2014-10-14
Category Business & Economics
Total Pages 224
ISBN 9781137464484
Language English, Spanish, and French
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Book Summary:

Fact: the Millennial Generation will not be able to rely on pensions and social security in retirement. Instead, they will have to save and invest in the global stock market to meet their goals. When it comes to thinking about money, Millennials are, as a generation, different from their parents. They are skeptical of expert advice, yet more committed than baby boomers to passing wealth on to future generations. To build wealth, young people must start investing early and buck conventional market wisdom. Millennial Money will explain the most common mistakes that hurt investors' long-term returns and show why their investments in popular stocks or the hottest industry of the day have resulted in such underwhelming results. More importantly, the book will introduce a strategy that can help us overcome our shortcomings as investors. Armed with this strategy, Millennials can become the most successful investing generation in history.

Fortune S Pawn by Rachel Bach

Title Fortune s Pawn
Author Rachel Bach
Publisher Orbit
Release Date 2013-11-05
Category Fiction
Total Pages 300
ISBN 9780316221092
Language English, Spanish, and French
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Book Summary:

Devi Morris isn't your average mercenary. She has plans. Big ones. And a ton of ambition. It's a combination that's going to get her killed one day - but not just yet. That is, until she just gets a job on a tiny trade ship with a nasty reputation for surprises. The Glorious Fool isn't misnamed: it likes to get into trouble, so much so that one year of security work under its captain is equal to five years everywhere else. With odds like that, Devi knows she's found the perfect way to get the jump on the next part of her Plan. But the Fool doesn't give up its secrets without a fight, and one year on this ship might be more than even Devi can handle. If Sigouney Weaver in Alien met Starbuck in Battlestar Galactica, you'd get Deviana Morris -- a hot new mercenary earning her stripes to join an elite fighting force. Until one alien bite throws her whole future into jeopardy.

The Doomsday Calculation by William Poundstone

Title The Doomsday Calculation
Author William Poundstone
Publisher Little, Brown Spark
Release Date 2019-06-04
Category Science
Total Pages 320
ISBN 9780316440714
Language English, Spanish, and French
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Book Summary:

From the author of Are You Smart Enough to Work at Google?, a fascinating look at how an equation that foretells the future is transforming everything we know about life, business, and the universe. In the 18th century, the British minister and mathematician Thomas Bayes devised a theorem that allowed him to assign probabilities to events that had never happened before. It languished in obscurity for centuries until computers came along and made it easy to crunch the numbers. Now, as the foundation of big data, Bayes' formula has become a linchpin of the digital economy. But here's where things get really interesting: Bayes' theorem can also be used to lay odds on the existence of extraterrestrial intelligence; on whether we live in a Matrix-like counterfeit of reality; on the "many worlds" interpretation of quantum theory being correct; and on the biggest question of all: how long will humanity survive? The Doomsday Calculation tells how Silicon Valley's profitable formula became a controversial pivot of contemporary thought. Drawing on interviews with thought leaders around the globe, it's the story of a group of intellectual mavericks who are challenging what we thought we knew about our place in the universe. The Doomsday Calculation is compelling reading for anyone interested in our culture and its future.

The Psychology Of Money by Morgan Housel

Title The Psychology of Money
Author Morgan Housel
Publisher Harriman House Limited
Release Date 2020-09-08
Category Business & Economics
Total Pages 256
ISBN 9780857197696
Language English, Spanish, and French
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Book Summary:

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Rock Breaks Scissors by William Poundstone

Title Rock Breaks Scissors
Author William Poundstone
Publisher Little, Brown
Release Date 2014-06-03
Category Business & Economics
Total Pages 320
ISBN 9780316228084
Language English, Spanish, and French
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Book Summary:

A practical guide to outguessing everything from multiple-choice tests to the office football pool to the stock market. People are predictable even when they try not to be. William Poundstone demonstrates how to turn this fact to personal advantage in scores of everyday situations, from playing the lottery to buying a home. ROCK BREAKS SCISSORS is mind-reading for real life. Will the next tennis serve go right or left? Will the market go up or down? Most people are poor at that kind of predicting. We are hard-wired to make bum bets on "trends" and "winning streaks" that are illusions. Yet ultimately we're all in the business of anticipating the actions of others. Poundstone reveals how to overcome the errors and improve the accuracy of your own outguessing. ROCK BREAKS SCISSORS is a hands-on guide to turning life's odds in your favor.

Title Moneyball The Art of Winning an Unfair Game
Author Michael Lewis
Publisher W. W. Norton & Company
Release Date 2004-03-17
Category Sports & Recreation
Total Pages 320
ISBN 0393066231
Language English, Spanish, and French
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Book Summary:

"This delightfully written, lesson-laden book deserves a place of its own in the Baseball Hall of Fame." —Forbes Moneyball is a quest for the secret of success in baseball. In a narrative full of fabulous characters and brilliant excursions into the unexpected, Michael Lewis follows the low-budget Oakland A's, visionary general manager Billy Beane, and the strange brotherhood of amateur baseball theorists. They are all in search of new baseball knowledge—insights that will give the little guy who is willing to discard old wisdom the edge over big money.