Kelly Criterion And The Origination Of Bits

We first encountered Claude Shannon during his extensive appearance in one of our favorite books, Fortune’s Formula, which chronicles his involvement with the applied mathematics that would ultimately become the Kelly Criterion.  More importantly, however, his original ideas about information theory and binary digits, which he nicknamed ‘bits,’ serve as the cornerstone of the information age. via

The Origination Of Bits

The Man Who Turned Paper Into Pixels from Delve on Vimeo.


Einhorn Tells Investors: Tesla Is Gaming S&P 500 Index Committee

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThe Federal Reserve has poured unprecedented levels of stimulus into the U.S. economy to deal with the pandemic, and most experts agree that inflation is just around the corner. David Einhorn has positioned his Greenlight Capital to benefit from inflation when it arrives. Q2 2020 hedge fund letters, conferences and more SORRY! This content is Read More