A Quote by William Poundstone

The engine driving the Kelly system is the "law of large numbers." In a 1713 treatise on probability, Swiss mathematician Jakob Bernoulli propounded a law that has been misunderstood by gamblers (and investors) ever since.

William Poundstone

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Been Driving Engine Ever Investors Kelly Large Large Numbers Law Mathematician Misunderstood Numbers Probability Since Swiss System

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William Poundstone
American - Author
Born: March 29, 1955

There can be no tolerance in a law-system for another religion. Toleration is a device used to introduce a new law-system as a prelude to a new intolerance... Every law-system must maintain its existence by hostility to every other law-system and to alien religious foundations or else it commits suicide

R.J. Rushdoony

No great idea in its beginning can ever be within the law. How can it be within the law? The law is stationary. The law is fixed. The law is a chariot wheel which binds us all regardless of conditions or place or time.

Emma Goldman

There is but one law for all, namely that law which governs all law, the law of our Creator, the law of humanity, justice, equity - the law of nature and of nations.

Edmund Burke

A just law is a man-made code that squares with the moral law or the law of God. An unjust law is a code that is out of harmony with the moral law. To put it in the terms of Saint Thomas Aquinas, an unjust law is a human law that is not rooted in eternal and natural law.

Martin Luther

The law is equal before all of us; but we are not all equal before the law. Virtually there is one law for the rich and another for the poor, one law for the cunning and another for the simple, one law for the forceful and another for the feeble, one law for the ignorant and another for the learned, one law for the brave and another for the timid, and within family limits one law for the parent and no law at all for the child.

George Bernard Shaw

Here in California, we passed a law against texting while driving. But there's no law preventing you from writing a letter while driving.

Craig Ferguson

I love the system. Let me tell you why. People love it... The people, by and large, have great respect for our law and our system... Why do you think they go to that courthouse instead of killing each other in the streets, taking the law into their own hands?

Joe Jamail

The so-called law of induction cannot possibly be a law of logic, since it is obviously a proposition with a sense.--Nor, therefore, can it be an a priori law.

Ludwig Wittgenstein

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

I think that [John Kelly] will bring law and order. And what I'm hoping for with this is that the restoration of the rule of law, especially with regard to immigration, that is the main principle that needs to be driven by the secretary of homeland security.

Steve King

I wanted to become a lawyer because I saw Kelly McGillis on 'The Accused.' 'Grey's Anatomy,' 'L.A. Law,' 'Ally McBeal' - all of these have inspired women to go into law. I think the opposite is happening in technology.

Reshma Saujani

Every heat engineer knows he can design his heat engine reliably and accurately on the foundation of the second law [of thermodynamics]. Run alongside one of the molecules, however, and ask it what it thinks of the second law. It will laugh at us. It never heard of the second law. It does what it wants. All the same, a collection of billions upon billions of such molecules obeys the second law with all the accuracy one could want

John Archibald Wheeler

I think the American justice system has a lot more issues than the European justice system, especially the Scottish justice system. We have a really nice mix of European codified law and the traditional English system of common law, which is what the American system is based on.

Gerard Butler

All I'm doing is I'm filling out my tax returns - or my accountants are, and I'm paying whatever I'm supposed to pay, though I'm giving away a large amount of the money and that probably lowers my tax rate because I'm giving away so much money. But change the law, but don't blame me for the law. I'm not writing the law. I didn't write the law.

David Rubenstein

Democrats are just as wrong to insist the law is perfect, that the law doesn't have things that need to be fixed, and to pretend that the law did wave a magic wand and make everything in the health care system fixed.

Conner Eldridge

Since natural law was thought to be accessible to the ordinary man, the theory invited each juror to inquire for himself whether a particular rule of law was consonant with principles of higher law. This view is reflected in John Adams' statement that it would be an 'absurdity' for jurors to be required to accept the judge's view of the law, 'against their own opinion, judgment, and conscience.'

John Adams

A Quote by William Poundstone

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