At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.

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

Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.

Are there any mythical beasts which aren't simple pastiches of nature? Centaurs, minotaurs, unicorns, griffons, chimeras, sphinxes, manticores, and the like don't speak well for the human imagination. None is as novel as a kangaroo or starfish.

A bit is worth 10,000 basis points.

Kelly was aware that there is one type of favorable bet available to everyone; the stock market.

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