“Kelly was aware that there is one type of favorable bet available to everyone; the stock market.”

—  William Poundstone

Part One, Entropy, Minus Sign, p. 75
Fortune's Formula (2005)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Kelly was aware that there is one type of favorable bet available to everyone; the stock market." by William Poundstone?
William Poundstone photo
William Poundstone 33
American writer 1955

Related quotes

Kai Ryssdal photo

“The stock market is not the economy, and the economy is not the stock market.”

Kai Ryssdal (1963) Radio host, United States Navy officer

repeatedly on his radio program " Marketplace APM https://www.marketplace.org/2019/09/30/the-stock-market-is-not-the-economy/" (September 2019)

“Once you’re head of a public company you are expected to perform; you’re like an unpaid greyhound on a racetrack called the stock market. They’d take bets on us, but not add anything at all.”

Alec Reed (1934) British businessman

The Business Times Online https://www.reedglobal.com/documents/110470/280381/Talent+tapper/ed157555-fdc6-4665-a265-70b2d407abd4, 2012.

Benjamin Graham photo

“Nearly everyone interested in common stocks wants to be told by someone else what he thinks the market is going to do. The demand being there, it must be supplied.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter III, The Investor and His Advisers, p. 48

Steve Keen photo

“Since in reality the stock market is inhabited by mere mortals, there is no way that the stock market can be efficient in the way that economists define the term.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 216

“The beginning of administrative wisdom is the awareness that there is no one optimum type of management system.”

Tom Burns (1913–2001) British sociologist

Source: The Management of Innovation, 1961, p. 125
Context: We have endeavored to stress the appropriateness of each system to its own specific set of conditions. Equally, we desire to avoid the suggestion that either system is superior under all circumstances to the other. In particular, nothing in our experience justifies the assumption that mechanistic systems should be superseded by organic in conditions of stability. The beginning of administrative wisdom is the awareness that there is no one optimum type of management system.

Michael Lewis photo

“Someone out there was using the fact that stock market orders arrived at different times at different exchanges to front-run orders from one market to another.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 50

Benoît Mandelbrot photo

“The most important thing I have done is to combine something esoteric with a practical issue that affects many people. In this spirit, the stock market is one of the most attractive things imaginable. Stock-market data is abundant so I can check everything. Financial markets are very influential and I want to be part of this field now that it is maturing.”

Benoît Mandelbrot (1924–2010) Polish-born, French and American mathematician

New Scientist interview (2004)

George Soros photo

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

As quoted in "Great Money Minds" by Chris Stallman at TeenAnalyst.com (5 May 2005) http://www.teenanalyst.com/general/topmoneyminds.html

Paul A. Samuelson photo

“The stock market has forecast nine of the last five recessions.”

Paul A. Samuelson (1915–2009) American economist

Paul Samuelson (1966), quoted in: John C Bluedorn et al. Do Asset Price Drops Foreshadow Recessions? (2013), p. 4
1950s–1970s

Andy Kessler photo

“The stock market teaches you the hard way - it's all in the margin.”

Andy Kessler (1958) American writer

Part IV, Intellectual Property, Publishing Chips in Taiwan, p. 135.
Running Money (2004) First Edition

Related topics