Kelly Criterion And The Origination Of Bits

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.


Mohnish Pabrai On Value Investing, Missed Opportunities and Autobiographies

Mohnish PabraiIn August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More


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