What did William Poundstone mean by: Kelly was aware that there is one type of favorable bet available to everyone; the stock market. - William Poundstone Copy
+ In real conversations, we are always trying to outguess each other. Feraz Zeid, January 15, 2024January 15, 2024, William Poundstone, Always Trying, Conversation, 0 - William Poundstone
+ At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox. Feraz Zeid, January 15, 2024January 15, 2024, William Poundstone, Paradox, 0 - William Poundstone
+ The story of the Kelly system is a story of secrets – or if you prefer, a story of entropy. Feraz Zeid, January 15, 2024January 15, 2024, William Poundstone, Entropy, Secret, Stories, 0 - William Poundstone
+ Your second ducat, like your second million, is never quite as sweet. Feraz Zeid, January 15, 2024January 15, 2024, William Poundstone, Like You, Never Quit, Sweet, 0 - William Poundstone
+ The assumption that anything true is knowable is the grandfather of paradoxes. Feraz Zeid, January 15, 2024January 15, 2024, William Poundstone, Assumption, Grandfather, Paradox, 0 - William Poundstone
I’ve taught, and the first thing I did when I taught art, was not to teach art. Explain - Louise Berliawsky Nevelson Sculptor · Ukraine
Appreciation of art is a moral erection, otherwise mere dilettantism. Explain - Jean Cocteau Artist · France
Lying is the only art form that the public sanctions and instinctively prefers to reality. Explain - Jean Cocteau Artist · France
Whatever the world condemns you for, make it your own. It is yourself. Explain - Jean Cocteau Artist · France
The liabilities are always 100 percent good. It’s the assets you have to worry about. Explain - Charlie Munger Business person
It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid. Explain - Charlie Munger Business person
Film will only became an art when its materials are as inexpensive as pencil and paper. - Jean Cocteau Artist · France
