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441d641
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With apologies to the folks in Redmond, I'll end on another Microsoft joke because it makes the point well (a point that applies everywhere, not just at Microsoft): A helicopter was flying around above Seattle when a malfunction disabled all of its electronic navigation and communications equipment. The clouds were so thick that the pilot couldn't tell where he was. Finally, the pilot saw a tall building, flew toward it, circled, and held u..
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William Poundstone |
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de46918
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At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.
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William Poundstone |
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8cc4617
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Expectation is a statistical fiction, like having 2.5 children.
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William Poundstone |
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b15d977
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Shannon's most radical insight was that meaning was irrelevant.
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William Poundstone |
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3af747b
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In real conversations, we are always trying to outguess each other.
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William Poundstone |
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3b4a0e9
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A bit is worth 10,000 basis points.
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William Poundstone |
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157e1cb
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The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.
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William Poundstone |
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70373d5
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Your second ducat, like your second million, is never quite as sweet.
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William Poundstone |
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1f69f9b
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The ultimate compound return rate is acutely sensitive to fat tails.
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William Poundstone |