Heh... The most value I got out of applying the Kelly Criterion was having the Exploration Manager for an oil and gas company admitting that he does not believe

Heh... The most value I got out of applying the Kelly Criterion was having the Exploration Manager for an oil and gas company admitting that he does not believe the estimates that came out of his own department (applying the Kelly Criterion to the numbers he provided would have led to the company carrying the exploration project internally, rather than looking for joint venture partners to share the risks).