News for hackers. Stuff that matters.

A comment on A Conversation with Renaissance Technologies CEO Peter Brown. Parent comment

Re:A Conversation with Renaissance Technologies CEO Peter Brown by seymore_12 on Monday September 18, 2023 @10:19AM (#37556453)
Great book indeed. My favourite quote from it is: "The name of the game is not to always be right, but to be right often enough".
[ Parent | on HN ]
Re:A Conversation with Renaissance Technologies CEO Peter Brown by gottorf on Monday September 18, 2023 @11:17AM (#37557341)
Bob Mercer said that they were right 50.75% of the time.
[ Parent | on HN ]
Re:A Conversation with Renaissance Technologies CEO Peter Brown by sokoloff on Monday September 18, 2023 @12:56PM (#37558749)
Interesting to note that that's larger than the house edge in video poker (which is admittedly one of the lower edge games).

You can build a massive city in the middle of a desert with edges well under 5%.

[ Parent | on HN ]