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 glad the person recommended this book to me.
There were a bunch of interesting stories throughout, which Poundstone did a nice job of pulling together to keep the main story interesting and moving along.
That approach makes the book very readable even for readers with no specific science background.
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 17 days 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 21 days 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 1 month ago by David Siegel
I really enjoyed this book. It loved learning the details of the relationships between the scientists involved in the creating of information theory and the Kelly criterion. Read morePublished 1 month ago by Ero Carrera
Bought this book after I heard an interview with William Poundstone on the Michael Covel Trendfollowing podcast. Read morePublished 4 months ago by J. Wright