Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street @ richardeward.com

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
by William Poundstone
from Hill and Wang

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Entertaining
  Book was more than I expected. Tied in many stories dating back to the early 1900's and the beginning of AT&T. Excellent read, very entertaining and well researched.

• It takes exceptionally smart people to make truly massive blunders
  This book is a concise look at the evolution of formal investment theory, with continual contextual references to its ties to gambling and to organized crime. It also is a hilarious and insightful history of gambling from the Bernoulli's in the 1700s through the hedge fund traders of the late 1990's.
  The author devotes over 50 pages to notes and the index. This was appreciated since I wanted to look up more about so many of the anecdotes he included.
  Mr. Poundstone poignantly describes the... more info

• Interesting review of the systems of the past
  This is a nice look into the past systems of betting. Also nicely written and gives a good understanding of the Kelly formula. Was not quite what I thought it would be but was a nice book.

• OK, but not great
  Having just finished Poundstone's book on Gaming the Vote, I was hoping for a book equally as interesting. Although this book was worth reading, and there are a few aspects from it that I will put into practice, I did not walk away wanting to quote it on a regular basis like I did Gaming the Vote.
  It gives an interesting historical overview of various scientists involved with gambling and the stock market, and it reviews the concepts involved. These parts were interesting, but truthfully not... more info

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