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William Poundstone Quotes: A bit is worth 10,000 basis points.
         

A bit is worth 10,000 basis points.


William Poundstone
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"William Poundstone Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/A-bit-is-worth-10-000-basis-1160578>.




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Other quotes of William Poundstone


Expectation is a statistical fiction, like having 2.5 children.

Expectation is a statistical fiction, like having 2.5 children.



Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.

Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.



Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.

Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.



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.

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.



The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.

The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.



The best strategy is one that offers the highest compound return consistent with no risk of going broke.

The best strategy is one that offers the highest compound return consistent with no risk of going broke.



The ultimate compound return rate is acutely sensitive to fat tails.

The ultimate compound return rate is acutely sensitive to fat tails.



In real conversations, we are always trying to outguess each other.

In real conversations, we are always trying to outguess each other.



The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.

The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.



The assumption that anything true is knowable is the grandfather of paradoxes.

The assumption that anything true is knowable is the grandfather of paradoxes.





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When you are not full of the Holy Spirit, you easily cower in fear and lack a stand on truth

When you are not full of the Holy Spirit, you easily cower in fear and lack a stand on truth



We are living in the falsehood due to the erroneous teachings of the society, community and the bordered nations.

We are living in the falsehood due to the erroneous teachings of the society, community and the bordered nations.



Without free speech no search for truth is possible... no discovery of truth is useful.

Without free speech no search for truth is possible... no discovery of truth is useful.



No theory is good unless it permits, not rest, but the greatest work. No theory is good except on condition that one use it to go on beyond.

No theory is good unless it permits, not rest, but the greatest work. No theory is good except on condition that one use it to go on beyond.



What to think of other people? I ask myself this question each time I make a new acquaintance. So strange does it seem to me that we exist, and that we consent to exist.

What to think of other people? I ask myself this question each time I make a new acquaintance. So strange does it seem to me that we exist, and that we consent to exist.



Thy will be done in earth as it is in Heaven.

Thy will be done in earth as it is in Heaven.



I think retirement beats the heck out of life after death, that's for sure.

I think retirement beats the heck out of life after death, that's for sure.



We're really hard on ourselves and just need to relax more. A lot of guys really prefer you more natural. That's from experience.

We're really hard on ourselves and just need to relax more. A lot of guys really prefer you more natural. That's from experience.



Happiness is this place that, once you arrive there, you have nothing else to do. You get bored. Passion is this up and down; it's like a rollercoaster, you know, and much more interesting to me.

Happiness is this place that, once you arrive there, you have nothing else to do. You get bored. Passion is this up and down; it's like a rollercoaster, you know, and much more interesting to me.



Medicine is the keystone of the arch of socialism.

Medicine is the keystone of the arch of socialism.




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This page presents the quote "A bit is worth 10,000 basis points.". Author of this quote is William Poundstone. This quote is about bases, bits,.