Poundstone has a tendency to meander in his writing, but his asides are so revealing and interesting that they add, rather than detract, from the narrative. The book also includes a cast of fascinating and colorful characters as varied as Ivan Boesky, Warren Buffet, Rudolph Giuliani, and notorious mobsters such as Bugsy Siegel and Meyer Lansky. In explaining the lasting impact of the work done by Shannon, Thorpe, and Kelly, Poundstone even explains Kelly's system for those wishing to follow his formula, offering readers both theoretical and practical lessons. Whether viewed as a how-to guide or straight scientific and financial history, Fortune's Formula proves an entertaining and illuminating analysis of "the most successful gambling system of all time." --Shawn Carkonen --This text refers to an out of print or unavailable edition of this title.
I am amazed at the reviews on this book. Yes it is the Kelly Formula - but you see the history of how it came to be used in finance. Read morePublished 19 days ago by John Hanson
I think my title says it all. Nonetheless this is a book for anyone interested in Math, Investing, History and people generally open to powerful ideas and who enjoy learning from... Read morePublished 4 months ago by Phil
Somewhat interesting - probably more geared toward the scientifically minded. I am interested in the Kelly criterion and this provided good context around its creation. Read morePublished 5 months ago by BB from Maine
Some may find his excursions in color context appealing. For me, there were too many, too tangential. I had to stop wasting my time.Published 5 months ago by Leif Wennerberg
This is an unbelievable book. I am doing myself no favors by telling people about it - the fewer people know about this, the better. Read morePublished 6 months ago by David Siegel