Скачать или смотреть Ep. 254: William Poundstone Interview with Michael Covel on Trend Following Radio

My guest today is William Poundstone, an American author, columnist, and skeptic. He has written a number of books including the Big Secrets series and a biography of Carl Sagan.

The topic is his book Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street.

In this episode of Trend Following Radio we discuss:
▪️ Claude Shannon
▪️ The connection between Al Capone
▪️ The Kelly formula, bookmaking, and the telephone industry
▪️ Bell Labs and information theory
▪️ Why, when betting, if there’s a small chance of losing everything, you will eventually lose everything
▪️ Criticisms of the Kelly criterion
▪️ Ed Thorp, blackjack, and card counting
▪️ Long-Term Capital Management
▪️ Martingale vs. Kelly
▪️ Early development of the Black-Scholes formula

Jump in!

---

I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!