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Simple rules can have complex consequences. This simple rule has such a wealth of implications that it is worth examining in detail. It is the far from self-evident guiding principle of reductionism and of most modern investigations into cosmic complexity. Reductionism will not be truly successful until physicists and cosmologists demonstrate that the large-scale phenomena of the world arise from fundamental physics alone. This lofty goal is still out of reach. There is uncertainty not only in how physics generates the structures of our world but also in what the truly fundamental rules of physics are.

William Poundstone
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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.

William Poundstone
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The first duty towards children is to make them happy. If you have not made them so, you have wronged them. No other good they may get can make up for that.
Charles Buxton

William Poundstone

William Poundstone

Bio: William Poundstone is an American author, columnist, and skeptic. He has written a number of books including the Big Secrets series and a biography of Carl Sagan. He is a cousin of comedienne Paula Poundstone.
Known for:
  1. Priceless: The Myth of Fair Value (and How to Take Advantage of It)
  2. Are You Smart Enough to Work at Google?
Most used words:
  • coin
  • physics
  • simple
  • toss
  • samuelson
  • story
  • money
  • system
  • kelly
  • entropy

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