Fortune S Formula

Fortune s Formula PDF
Author: William Poundstone
Publisher: Hill and Wang
ISBN: 9780374707088
Size: 20.54 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 400
View: 6433

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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 phenomenally 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 William Poundstone's Fortune's Formula will convince you that he was right.

Fortunes In Formulas For Home Farm And Workshop

Fortunes in Formulas  for Home  Farm  and Workshop PDF
Author: Gardner Dexter Hiscox
Size: 10.63 MB
Format: PDF, ePub, Mobi
Category : Formulas, recipes, etc
Languages : en
Pages : 875
View: 7417

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Invaluable for reference...crammed with thousands of suggestions and ideas for amateur and professional use. Endorsed by universities, scientists and thousands of readers as the best modern authority (from cover).

Author: ماركوس أوريليوس
Publisher: دار المحرر الأدبي
ISBN: 9776677401
Size: 72.62 MB
Format: PDF, ePub, Docs
Category : Fiction
Languages : ar
Pages :
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«أيها العالَم، كلُّ شيءٍ يُلائمُني إذا لاءَمَك، وكلُّ ما هو في أوانِه بالنِّسبةِ إليكَ فهوَ كذلكَ عِندي، لا مُتقدِّمٌ لديَّ ولا مُتأخِّر. أيتُها الطبيعة، كلُّ ما تَجلِبُه مَواسِمُكِ فهو ثَمرةٌ لي؛ كلُّ شيءٍ منكِ يَأتي، وفيكِ يعيش، وإليكِ يَعود.» حينَما يُناجِي المرءُ نفسَه، فإنه يَكتبُ إليها ما لا يُعلِنُه لسِواها، ليكشِفَ الحقيقة، فيَكونَ الصدقُ عُنوانَه. في تأمُّلاتِه التي كتَبَها بعُنوانِ «إلى نفسِه» يُمثِّلُ الإمبراطورُ «ماركوس أوريليوس» رؤيةَ الفيلسوفِ حينما يكونُ إمبراطورًا؛ فبينَما كانتْ جبهةُ الدانوبِ تَضِجُّ بالحرب، عكَفَ الإمبراطورُ على تدوينِ مجموعةٍ مِنَ التأمُّلاتِ عبَّرَ فيها عمَّا يَجولُ بخاطرِه حولَ عدةِ موضوعاتٍ حياتيةٍ مُتفرِّقة، وعلى الرغمِ من أنَّه لم يُرِدْ لها أن تَخرجَ للناس، فإنها صارتْ قِبلةَ الفلاسفةِ ومَقصِدَ المُفكرِينَ والقُرَّاءِ بعدَ طباعتِها ونشرِها، ليكونَ كتابُه واحدًا مِن أهمِّ كتبِ الفلسفةِ الرُّواقية، ليس فقطْ لأنه انتقلَ بالفلسفةِ مِنَ التنظيرِ إلى التطبيق، ولكنْ لأنَّ الفيلسوفَ المؤلِّفَ حقَّقَ رؤيةَ «أفلاطونَ» في أن يكونَ الحاكمُ فيلسوفًا.

Author: نيقولا مكيافيلي
Publisher: دار القلم للطباعة و النشر و التوزيع - بيروت / لبنان
Size: 66.67 MB
Format: PDF, ePub, Mobi
Category : History
Languages : ar
Pages : 125
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كان «موسوليني» لا ينام حتى يقرأ كتاب الأمير لـ «ماكيافيلي»، وقيل: إن «نابليون» و«هتلر» كانا يتَّخذانه مرجعًا لسياساتهم؛ ويرجع ذلك لما للكتاب من مكانة لم ينلها غيره. والكتاب يُقدِّم نظريات في الحكم والإمارة، ويجيب على أسئلة لطالما شغلت بال الحُكَّام والأُمراء، مثل؛ كيف تُحْكَمُ البلاد الموروثة؟ وما هي أنواع السلطة وكيف تحصُل عليها؟ وكيف يملك الزعيم شعبه؟ وكيف حُكمت الإمارات الدينية والمدنية؟ وأثار الكتاب جدلاً واسعًا حيث انتقده الكثير وعدُّوهُ تحريضـًا على قهر الشعوب وإذلالها، في حين اعتبره آخرون دليلاً للناس على مواطن الغدر وصنوف الخداع التي يسلكها الأمراء ضد شعوبهم. وقد أهداه المؤلف إلى الأمير الإيطالي «لورنزو دي مديتشي».

The Kelly Capital Growth Investment Criterion

The Kelly Capital Growth Investment Criterion PDF
Author: Leonard C. MacLean
Publisher: World Scientific
ISBN: 9814293490
Size: 76.12 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 853
View: 6968

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This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.

Formula For Fortune

Formula for Fortune PDF
Author: Ann Uhry Abrams
Publisher: iUniverse
ISBN: 1462071686
Size: 10.62 MB
Format: PDF, Mobi
Category : Biography & Autobiography
Languages : en
Pages : 362
View: 2075

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Asa Candler rose from a rural background to reap a fortune. His windfall came from purchasing the Coca-Cola formula in 1888 and establishing the company that became a national phenomenon in less than a decade. In Formula for Fortune, author Ann Uhry Abrams narrates the life and times of Candler from his ancestral background to the death of the last of his five children. Formula for Fortune not only shows how he turned his entrepreneurial genius into an empire, but also relates his status in Atlanta, Georgia, as a prominent banker, realtor, philanthropist, civil servant, and mayor. Painting a lively portrait of the past, this biography tells a fascinating American story that covers a century of American and Southern life as seen through the eyes of a middle-class family elevated to prominence by their patriarch's incredible success. It not only provides a peek into the horse-and-buggy days of one of the nation's major corporations, but also follows Coca-Cola's fascinating transformation from patent-medicine to international phenomenon. Family dynamics weave through this drama of love, disappointments, and disaster played out against the background of four wars, a race riot, technological revolutions, and numerous courtroom dramas.

Family Fortunes

Family Fortunes PDF
Author: Bill Bonner
Publisher: John Wiley & Sons
ISBN: 1118239873
Size: 43.19 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 352
View: 6071

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Selected as one of Motley Fool’s “5 Great Books You Should Read” Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors—even those who do not plan to leave money to their children—because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away.