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heh, I just browsed Fortune's Formula and read about Kelly math. Excellent -- it's just like playing blackjack -- gotta control your bank. upshot: if he does
by danbmil99 16y ago
heh, I just browsed Fortune's Formula and read about Kelly math. Excellent -- it's just like playing blackjack -- gotta control your bank.
upshot: if he does well, in a couple years his typical investment size will be $20-$50K. Investment size is a proportion of bank.
- joshu 16y agoIt's a good book. Reading it inspired this: http://joshua.schachter.org/2008/09/amateur-economist.html http://joshua.schachter.org/2008/09/amateur-economist.html Curiously, I was a quant before I did delicious.