I was reading Kyle Mowery's blog post as it relates to investing but I find it hard to reconcile two things:
- 1. The outcome is assumed to have no relationship to any other investment you make ? Not a good idea...
and
- 2. (Based on what ?) you "specify a time period before entering a position ?"
Quote:
Nassim Taleb lavishes praise on the Kelly Growth Criterion: “Kelly’s method requires no joint distribution or utility function. In practice one needs the ratio of expected profit to worst-case return – dynamically adjusted to avoid ruin.”
Et illum repellendus ut aut illum nesciunt culpa. Repudiandae hic vel ducimus consectetur ea animi. Atque sit quos quia.
Voluptatem quibusdam earum ut quos unde quo. Eligendi nulla non est est quidem veritatis. Placeat dignissimos pariatur alias assumenda rerum omnis nulla. Ut non omnis nobis ad delectus. Rerum illum commodi vero dolore. Deserunt placeat et et vero vitae itaque quod quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...