£14.99 For Sale

Fortune's Formula

This advert is located in and around Hertford, Hertfordshire

Advert Description

Oxfam Bookshop Hertford

In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was the mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr, a gun-toting Texas-born 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 the roulette and blackjack tables of Las Vegas. It worked. 
They realised that there was even more money to be made in the stock market, specifically in the risky trading known as arbitrage.

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