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In 1956, two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory—the basis of computers and the Internet—to the problem of making as much money as possible, as fast as possible. Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. Fortune's Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider's edge. Shannon believed it was possible for a smart investor to beat the market—and William Poundstone's Fortune's Formula will convince you that he was right.
"The Hook Peninsula continues the Irish Rural Landscape series, building on the research agenda established by the internationally successful Atlas of the Irish Rural Landscape. Located in county Wexford, this region was the first to be conquered by the Anglo-Normans and its landscape was shaped by the establishment of two Cistercian abbeys (Tintern and Dunbrody) in the Middle Ages. The location of the peninsula beside a major estuary and busy shipping lanes was of vital importance. The Hook figured prominently in the Confederate Wars in the seventeenth century and in the 1798 rebellion." "This compact and highly distinctive peninsula makes for a compelling case-study in which Billy Colfer c...
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A study of the black experience in Montreal.
The 1st duke of Hamilton played an important role in the politics and life of Britain in the first half of the seventeenth century. Born in 1606 into the Scottish ancient noble family of Hamilton, who enjoyed a blood connection with the royal Stuarts, he was well placed to take full advantage of the union of the crowns in 1603 which opened up substantial opportunities in England and Ireland. The centre of that new world was the recently established Stuart court in London. Following his father, Hamilton entered that courtly world in 1620 at the age of fourteen and was executed on a scaffold outside Whitehall Palace in March 1649. During that period, he was involved in some of the most momento...