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Lessons From Las Vegas Las Vegas teaches valuable money management lessons: The overly diversified gambler... The double-downer, aka the over-bettor... The winning gambler... |
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The Most Important Formula in Investing Instead of the capital asset pricing model, investors should use the Kelly method: edge divided by odds. |
AskMen.com Ross Bonander |
How To: Play Roulette Roulette is hugely popular among gamblers worldwide because it's both thrilling and easy. On the flipside, casinos love it because the odds heavily favor the house, and because it is void of any potential betting system to beat it. |
Wired March 2002 Michael Kaplan |
The High Tech Trifecta They've got multimillion-dollar bankrolls, lightning-fast networks, and a probability-crunching system that leaves the odds in the dust. Meet the pari-mutuel fund managers who are redefining horse racing... |
The Motley Fool October 31, 2006 Emil Lee |
How to Calculate the Kelly Formula Although any formula is only as good as the estimates and data plugged into it, this formula forces investors to think in terms of payoffs and probabilities when investing in a company. |
BusinessWeek December 19, 2005 |
The Best Of 2005's Bunch Book Reviews: The Big Picture: The New Logic of Money and Power in Hollywood by Edward Jay Epstein... Conspiracy of Fools: A True Story by Kurt Eichenwald... DisneyWar by James B. Stewart... etc. |
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Long Bets Seventeen of the world's most wired minds stake their names -- and their cash -- on the future... |
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Retired Millionaire, Revisited Take a look at how one retiree with a $1 million-plus retirement portfolio lives the good retirement life, thanks to the help of his advisors. |