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

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.

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.

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.

If you have been trying to limit God—stop it! Don’t try to confine Him or His works to any single place or sphere. You wouldn’t try to limit the ocean.

Do not fear criticism, accept it as an inspiration for boldness and action

Follow your inner moonlight

Certainly the worker has nothing to lose by a change from government and capitalism to a condition of no government, of anarchy.

I cook for a living; I'm not a scheduler.

Yeah, we were in the game, until Jesus made me fumble. He hates our team.

If I were a white candidate, I'd have won the Democratic nomination.

Within every adversity is an equal and opposite benefit.

Nothing is more powerful than custom or habit.

To pretend angels do not exist because they are invisible is to believe we never sleep because we don't see ourselves sleeping.