The more improbable the message, the less "compressible" it is, and the more bandwidth it requires. This is Shannon's point: the essence is its improbability.

Expectation is a statistical fiction, like having 2.5 children.

Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.

Use "entropy" and you can never lose a debate, von Neumann told Shannon - because no one really knows what "entropy" is.

The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.

The best strategy is one that offers the highest compound return consistent with no risk of going broke.

The ultimate compound return rate is acutely sensitive to fat tails.

In real conversations, we are always trying to outguess each other.

The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.

A bit is worth 10,000 basis points.

The assumption that anything true is knowable is the grandfather of paradoxes.

He had the look of one who had drunk the cup of life and found a dead beetle at the bottom.

Be unconventional when you face a battle. Change the rules of engagement to your benefit.

Selflessness is humility. ... humility and freedom go hand in hand. Only a humble person can be free.

Self belief, Wise choice and Karma are the three main ingredients of Winners.

We are sure to be losers when we quarrel with ourselves it is civil war.

If we had not driven them into hell... hell would have swallowed us.

And the days darken round me, and the years, Among new men, strange faces, other minds.

There's a mystery to writing, and you don't really know where most of it comes from.

I have a terrifying long list of fears. Literally everything - diseases, spiders... and people getting tired of me.

We need more filmmakers of color telling the story. I'd like to see more filmmakers take their products out independently, put together a good commercial film and distribute it online.