Fortune's Formula

书名：Fortune's FormulaTheUntoldStoryoftheScientificBettingSystemThatBeattheCasinosandWallStreet
作者：WilliamPoundstone
译者：
ISBN：9780809045990
出版社：HillandWang
出版时间：2006-9-19
格式：epub/mobi/azw3/pdf
页数：386
豆瓣评分： 8.4

书籍简介：

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 "Fortune's Formula "will convince you that he was right.

作者简介：

威廉·庞德斯通

（William Poundstone）

威廉·庞德斯通是畅销书作家，著有9部非小说类文学作品，其中《推理的迷宫》和《循环的宇宙》两部作品曾获普利策奖提名。

书友短评：

@ 佑扯 max geometric mean; shannon's rebalance; delta hedging; does not work if your utility is extreme in the cases of big losses and wins; kelly和 CAPM的CML是不兼容的, 尤其在leverage上。 @ robineo 字太小啦，看得眼睛累，每天只能看一会。传闻逸事写的太多，真正有价值的只有第4章。 @ 奥多尔本司 很好的入门书，quant is not as scary as it sounds @ weihu 看看 @ BronzeD 辅助中文版看的，有帮助 @ 奥多尔本司 很好的入门书，quant is not as scary as it sounds

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