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

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.

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 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 ultimate compound return rate is acutely sensitive to fat tails.

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

A bit is worth 10,000 basis points.

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

If money is all that a man makes, then he will be poor — poor in happiness, poor in all that makes life worth living.

There is no truth. There is only perception.

For all we know, at this very moment, somewhere far beyond all those distant stars, Benny Russell is dreaming of us.

Why is it that many contemporary male thinkers, especially men of color, repudiate the imperialist legacy of Columbus but affirm dimensions of that legacy by their refusal to repudiate patriarchy?

Love is not knowing what you're talking about.

If it were thought that anything I wrote was influenced by Robert Frost, I would take that particular piece of mine, shred it, and flush it down the toilet, hoping not to clog the pipes.

To remain ignorant of history is to remain forever a child

In the world take always the position of the giver.

I've never had any idea that what I like would resonate with the audience, and I'm pleasantly surprised when it does.

People, especially successful people, are habitual creatures. They're organized. This makes them productive - Gus Mitchell