William Poundstone quotes: wise famous quotes, sayings and quotations by William Poundstone

William Poundstone Famous Quotes & Sayings

Discover top inspirational quotes from William Poundstone on Wise Famous Quotes.

William Poundstone quotes: Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.

Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.

William Poundstone quotes: The assumption that anything true is knowable is the grandfather of paradoxes.

The assumption that anything true is knowable is the grandfather of paradoxes.

William Poundstone quotes: A bit is worth 10,000 basis points.

A bit is worth 10,000 basis points.

William Poundstone quotes: There were many at Bell Labs and MIT who compared Shannon's insight to Einstein's. Others found that comparison unfair - unfair to Shannon.

There were many at Bell Labs and MIT who compared Shannon's insight to Einstein's. Others found that comparison unfair - unfair to Shannon.

William Poundstone quotes: Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.

Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.

William Poundstone quotes: Shannon's most radical insight was that meaning was irrelevant.

Shannon's most radical insight was that meaning was irrelevant.

William Poundstone quotes: Kelly was aware that there is one type of favorable bet available to everyone; the stock market.

Kelly was aware that there is one type of favorable bet available to everyone; the stock market.

William Poundstone quotes: The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.

The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.

William Poundstone quotes: Sometimes "creativity" is just common sense.

Sometimes "creativity" is just common sense.

William Poundstone quotes: Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.

Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.

William Poundstone quotes: Your second ducat, like your second million, is never quite as sweet.

Your second ducat, like your second million, is never quite as sweet.

William Poundstone quotes: The ultimate compound return rate is acutely sensitive to fat tails.

The ultimate compound return rate is acutely sensitive to fat tails.

William Poundstone quotes: Expectation is a statistical fiction, like having 2.5 children.

Expectation is a statistical fiction, like having 2.5 children.

William Poundstone quotes: At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.

At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.

William Poundstone quotes: In real conversations, we are always trying to outguess each other.

In real conversations, we are always trying to outguess each other.

William Poundstone quotes: The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.

The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.

William Poundstone quotes: The best strategy is one that offers the highest compound return consistent with no risk of going broke.

The best strategy is one that offers the highest compound return consistent with no risk of going broke.