William Poundstone Famous Quotes & Sayings

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36 William Poundstone Famous Sayings, Quotes and Quotation.

William Poundstone Sayings By William Poundstone: The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible. — William Poundstone
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William Poundstone Sayings By William Poundstone: 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
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William Poundstone Sayings By William Poundstone: In The Tricky Art of Co-Existing, Sandi Toksvig navigates life's little dilemmas with wit and In The Tricky Art of Co-Existing, Sandi Toksvig navigates life's little dilemmas with wit and not-so-common sense. You'll learn the strange history of common courtesy and the one true secret of social success: how to not drive everyone around you crazy. — William Poundstone
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William Poundstone Sayings By William Poundstone: A bit is worth 10,000 basis points. A bit is worth 10,000 basis points. — William Poundstone
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William Poundstone Sayings By Peter Thiel: Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones. — Peter Thiel
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William Poundstone Sayings By William Poundstone: Bernoulli's real contribution was to coin a word. The word has been translated into English Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money. — William Poundstone
William Poundstone Sayings By William Poundstone: There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes. — William Poundstone
William Poundstone Sayings By William Poundstone: People tend to be clueless about prices. Contrary to economic theory, we don't really decide People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our invisible price tags and purchasing the one that yields the higher utility, he says. We make do with guesstimates and a vague recollection of what things are "supposed to cost." — William Poundstone
William Poundstone Sayings By William Poundstone: Are there any mythical beasts which aren't simple pastiches of nature? Centaurs, minotaurs, unicorns, griffons, Are there any mythical beasts which aren't simple pastiches of nature? Centaurs, minotaurs, unicorns, griffons, chimeras, sphinxes, manticores, and the like don't speak well for the human imagination. None is as novel as a kangaroo or starfish. — William Poundstone
William Poundstone Sayings By George R R Martin: We are walking on a bridge of ice with an abyss on either side. We are walking on a bridge of ice with an abyss on either side. — George R R Martin
William Poundstone Sayings By William Poundstone: Use "entropy" and you can never lose a debate, von Neumann told Shannon - because Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is. — William Poundstone
William Poundstone Sayings By William Poundstone: Paradox is thus a much deeper and universal concept than the ancients would have dreamed. Paradox is thus a much deeper and universal concept than the ancients would have dreamed. Rather than an oddity, it is a mainstay of the philosophy of science. — William Poundstone
William Poundstone Sayings By William Poundstone: Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero. — William Poundstone
William Poundstone Sayings By William Poundstone: The more improbable the message, the less "compressible" it is, and the more bandwidth it The more improbable the message, the less "compressible" it is, and the more bandwidth it requires. This is Shannon's point: the essence is its improbability. — William Poundstone
William Poundstone Sayings By William Poundstone: Shannon's most radical insight was that meaning was irrelevant. Shannon's most radical insight was that meaning was irrelevant. — William Poundstone
William Poundstone Sayings By William Poundstone: Kelly was aware that there is one type of favorable bet available to everyone; the Kelly was aware that there is one type of favorable bet available to everyone; the stock market. — William Poundstone
William Poundstone Sayings By William Poundstone: 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
William Poundstone Sayings By William Poundstone: The best strategy is one that offers the highest compound return consistent with no risk The best strategy is one that offers the highest compound return consistent with no risk of going broke. — William Poundstone
William Poundstone Sayings By William Poundstone: Expectation is a statistical fiction, like having 2.5 children. Expectation is a statistical fiction, like having 2.5 children. — William Poundstone
William Poundstone Sayings By Bernie Sanders: I've run for statewide office plenty of times, and people know me. I've run for statewide office plenty of times, and people know me. — Bernie Sanders
William Poundstone Sayings By William Poundstone: There were many at Bell Labs and MIT who compared Shannon's insight to Einstein's. Others 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
William Poundstone Sayings By William Poundstone: The ultimate compound return rate is acutely sensitive to fat tails. The ultimate compound return rate is acutely sensitive to fat tails. — William Poundstone
William Poundstone Sayings By Mikhail Bulgakov: The most uncomplicated thing of all!' he replied. 'For someone well acquainted with the fifth The most uncomplicated thing of all!' he replied. 'For someone well acquainted with the fifth dimension, it costs nothing to expand space to the desired proportions. I'll say more, respected lady - to devil knows what proportions! I, however,' Koroviev went on chattering, 'have known people who had no idea, not only of the fifth dimension, but generally of anything at all, and who nevertheless performed absolute wonders in expanding their space. Thus, for instance, one city-dweller, as I've been told, having obtained a three-room apartment on Zemlyanoy Val, transformed it instantly, without any fifth dimension or other things that addle the brain, into a four-room apartment by dividing one room in half with a partition. — Mikhail Bulgakov
William Poundstone Sayings By Louise Mullins: Some things must remain the same in order for the universe to flow properly. One Some things must remain the same in order for the universe to flow properly. One pebble dashed out across the ocean leaves a lifetime of ripples. They call it the butterfly effect. — Louise Mullins
William Poundstone Sayings By William Poundstone: Average" isn't so hot at the race track given those steep track takes. "Average" is Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small. — William Poundstone
William Poundstone Sayings By William Poundstone: The engine driving the Kelly system is the "law of large numbers." In a 1713 The engine driving the Kelly system is the "law of large numbers." In a 1713 treatise on probability, Swiss mathematician Jakob Bernoulli propounded a law that has been misunderstood by gamblers (and investors) ever since. — William Poundstone
William Poundstone Sayings By William Poundstone: Samuelson, however, hedged his personal bets - by putting some of his own money in Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway. — William Poundstone
William Poundstone Sayings By William Poundstone: Sometimes "creativity" is just common sense. Sometimes "creativity" is just common sense. — William Poundstone
William Poundstone Sayings By William Poundstone: In real conversations, we are always trying to outguess each other. In real conversations, we are always trying to outguess each other. — William Poundstone
William Poundstone Sayings By William Poundstone: The story of the Kelly system is a story of secrets - or if you The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy. — William Poundstone
William Poundstone Sayings By Radhanath Swami: The auspiciousness of any situation is how it brings us closer to Krishna The auspiciousness of any situation is how it brings us closer to Krishna — Radhanath Swami
William Poundstone Sayings By William Poundstone: 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
William Poundstone Sayings By Andrei Sakharov: My present work concerns the problems connected with the theory of elementary particles, the theory My present work concerns the problems connected with the theory of elementary particles, the theory of gravitation and cosmology and I shall be glad if I can manage to make some contribution to these important branches of science. — Andrei Sakharov
William Poundstone Sayings By William Poundstone: Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On a salary of 1,000 thalers a year, Euler left an estate of 170,587 thalers in cash and securities. Nothing is known of Gauss's investment methods. — William Poundstone
William Poundstone Sayings By Walter Benjamin: All human knowledge takes the form of interpretation. All human knowledge takes the form of interpretation. — Walter Benjamin
William Poundstone Sayings By Sathya Sai Baba: The man filled with good qualities like Truth, Love, absence of jealousy, ego and hatred, The man filled with good qualities like Truth, Love, absence of jealousy, ego and hatred, can see God without searching for Him. He becomes a Jnani (a man of spiritual wisdom). — Sathya Sai Baba