"There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes."

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Source : "Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street". Book by William Poundstone, 2005.

William Poundstone

#Mean Quotes #Simple Quotes #Choices Quotes

“Many family planning clinics and - and programs that service women have refused now to take women's - United State's money because they feel that it would be unethical, and it could injure their clients even more, their patients even more. That has to be changed.”

Source : Interview with Joanne Bamberger, www.blogher.com. December 22, 2008.
“Friendships are different from all other relationships. Unlike acquaintanceship, friendship is based on love. Unlike lovers and married couples, it is free of jealousy. Unlike children and parents, it knows neither criticism nor resentment. Friendship has no status in law. Business partnerships are based on a contract. So is marriage. Parents are bound by law. But friendships are freely entered into, freely given, and freely exercised....”
“Perhaps many of the perplexing problems of the new music could be put into a new light if we were to reintroduce the ancient idea of music being a reflection of nature.”
“Leave it better than you found it.”
“One question you never want to ask God is, â€˜Whatâ€™s wrong with meâ€“ because Heâ€™ll tell you..”
“I love going to the set every day, because Noah Wylie will be there waiting.”
“I learned that you can constantly improve, and that you should not be shy about your views, and about the direction that you believe is right.”
“Sickness disgusts us with death, and we wish to get well, which is a way of wishing to live. But weakness and suffering, with manifold bodily woes, soon discourage the invalid from trying to regain ground: he tires of those respites which are but snares, of that faltering strength, those ardors cut short, and that perpetual lying in wait for the next attack.”

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