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 ultimate compound return rate is acutely sensitive to fat tails.
A bit is worth 10,000 basis points.
There were many at Bell Labs and MIT who compared Shannon's insight to Einstein's. Others found that comparison unfair - unfair to Shannon.
The story of the Kelly system is a story of secrets - or if you prefer, a story of entropy.