财富公式
Fortune's Formula
William Poundstone · 初版 2005 年
32人推荐
37位读者提及
42次提及
为什么值得读
- 深入剖析凯利公式及其下注比例的实际意义
- 记述香农击败轮盘赌与股市投资等真实方法
- 讲述爱德华·索普二十一点算牌与LTCM故事
本书讲述了 Kelly's criterion，该法则由贝尔实验室的两位科学家（John Kelly Jr. 与 Claude Shannon）于 1956 年提出，最初用于铜线上的信息传输，但他们立刻意识到了它在博彩和投资领域的应用。使用这一公式的专业赌徒远多于投资者。投资家 Edward Thorpe 曾使用它在赌场中战胜庄家，并作为对冲基金经理在市场上取得胜利。THE FORMULA 并不教人如何寻找优势，但一旦拥有优势，该公式会指明应该下注多少以实现财富增长的最大化。需要警告的是，使用满仓
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这篇博文的灵感来自 William Poundstone 的《递归宇宙》（The Recursive Universe）。我多年前读过这本书，觉得太赞了。最近我又读了他的另一本书《财富公式》（Fortune’s Formula），里面讲了凯利判据、Claude Shannon 破解轮盘赌、21 点算牌，还有华纳兄弟意想不到的起源。绝对值得推荐。感谢当年推荐这书的 HN 网友……
The blog post was inspired by The Recursive Universe by William Poundstone. I read this book years ago and found it amazing. I recently read another book by him, Fortune’s Formula, which features the Kelly Criterion, Claude Shannon beating roulette, card counting in blackjack, and the surprising origins of Warner Bros. Recommended for sure. Thanks to the HN poster who suggested…
……对于任何比例的“全凯利”（full Kelly）下注所带来的收益及其深层影响。除了 Poundstone 的书 [1] 之外，我强烈推荐 Ed Thorp 那篇可读性极高的论文 [2]。[1] Poundstone, William (2005), Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, [2]https://wayback.archive-it.org/all/20090320125959/http://www...
…benefits for any fraction of the "full Kelly" bet and its implications. In addition to Poundstone's book [1] I strongly recommend Ed Thorp's highly readable paper[2]. [1] Poundstone, William (2005), Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, [2]https://wayback.archive-it.org/all/20090320125959/http://www...
……比机构还厉害）能稳赢的股票交易策略绝非易事。不过，Claude Shannon（著名的计算机科学大牛）其实是个相当厉害的投资者：http://en.wikipedia.org/wiki/Kelly_criterion 《财富公式》http://www.amazon.com/Fortunes-Formula-Scientific-Betting-Ca... 详细介绍了 Shannon 的一些方法，还涵盖了其他一些有趣的故事，比如 LTCM、数学家 Edward O. Thorp 的 21 点破局方案……
…than the institution) winning stock trading strategies are non-trivial. However, Claude Shannon (famous computer science guy) was a pretty good investor: http://en.wikipedia.org/wiki/Kelly_criterion Fortune's Formula http://www.amazon.com/Fortunes-Formula-Scientific-Betting-Ca... details some of Shannon's methods and covers some other interesting stories like LTCM, Mathematician Edward O. Thorp's black jack schemes…
如果你觉得这个有意思，我强烈推荐 William Poundstone 写的《财富公式》。http://www.bookfinder.com/search/?author=&title=&lan...
If you find this interesting, I highly recommend the book Fortune's Formula by William Poundstone. http://www.bookfinder.com/search/?author=&title=&lan...
如果你对此感兴趣，可能会非常喜欢 William Poundstone 写的《财富公式》（ISBN: 0809046377）：链接：http://www.bookfinder.com/search/?author=&title=&lan... 这本书探讨了凯利判据等内容：http://en.wikipedia.org/wiki/Kelly_criterion
If you're interested in this, you might really enjoy the book Fortune's Formula by William Poundstone (ISBN: 0809046377): link: http://www.bookfinder.com/search/?author=&title=&lan... The book looks at, among other things, the Kelly Criterion: http://en.wikipedia.org/wiki/Kelly_criterion
他就是个传奇。想进一步了解 Claude Shannon，可以看看下面这几本书：William Poundstone 的《财富公式》（http://goo.gl/VrBMUW），James Gleick 的《信息简史》（http://goo.gl/Q5tzCW）。
He's a legend. For further reading on Claude Shannon check out the following books. Fortune's Formula by William Poundstone (http://goo.gl/VrBMUW) The Information: A History, A Theory, A Flood by James Gleick (http://goo.gl/Q5tzCW)