The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.
William PoundstoneThe engine driving the Kelly system is the "law of large numbers." In a 1713 treatise on probability, Swiss mathematician Jakob Bernoulli propounded a law that has been misunderstood by gamblers (and investors) ever since.
William PoundstoneAt a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.
William Poundstone