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

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 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.

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.

A bit is worth 10,000 basis points.

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

If we believed in the blessed Saviour, we shall be saved.

A novel rough draft is like bread dough

False love can be bought

I say, you look smashing this evening, " Zayne strode over to her, took her arm, and began helping her up the walk, "That is a lovely gown, and what is the color of the hair you're currently sporting?

Most people living in the world are confused about life.

We may never understand what leads anybody to terrorize their fellow human beings. Such violence, such evil is senseless. It's beyond reason.

I would sooner bring one sinner to Jesus Christ than unravel all the mysteries of the divine Word, for salvation is the one thing we are to live for.

Sometimes I think fashion is going to hell.

Yes, I am a pirate two hundred years too late.

I cheat my boys every chance I get, I want to make 'em sharp.