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

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.

In order to rise from its own ashes, a Phoenix first must burn.

There are three things in this world that engender deep emotional bonds between people. They are health, wealth and children.

What I really like doing is taking risks, musically.

Do not be afraid; our fate Cannot be taken from us; it is a gift.

As a producer, you really have - you're able to hand-pick all the talent that you want to be surrounded with.

The greatest evil that fortune can bring to men is to endow them with feeble resources and yet to make them ambitious.

I'm trying always to leave out what I think is extraneous. And to find what I think is the most wonderful language to make a beautiful sentence.

In matters of healing the body or the mind, vacation is a true genius!

The punk-rock ethos was "Do it yourself. Anyone can do this. We're not sent from the heavens."

If not enough people doubt you, you're not making a difference.