Kelly was aware that there is one type of favorable bet available to everyone; the stock market.

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.

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.

A bit is worth 10,000 basis points.

A genius is simply one who has taken full possession of his own mind and directed it toward objectives of his own choosing, without permitting outside influences to discourage or mislead him.

Spark the dreams you have with integrity and honesty. It’s gonna catch up with excellence if you make it revive in truthfulness in the midst of this world of falsehood!

Powell’s face appeared on screen. “It’s true, the doomsday crowd is a little crazy, ” she said, looking thoughtful. “But that doesn’t mean they’re wrong.

Committee: A group of men who keep minutes and waste hours.

People come in and out of our lives, and the true test of friendship is whether you can pick back up right where you left off the last time you saw each other.

I do get nervous to act, it kind of depends on what it is really.

From the moment we claim the truth of being the beloved, we are faced with the call to become who we are.

Whilst power, superimposed, always needs the help of the police and the military, power generated from within should have little or no use of them.

If you want to write, find your splinter. Find the thing that pierces you and won't let you go.

From 1991 till the present, Iraq sovereignty has been trampled by the United States.