I don't think anything he said there flies in the face of kelly. Single event, he is explicit about his utility function and why. He just doesn't seem very goo

I don't think anything he said there flies in the face of kelly. Single event, he is explicit about his utility function and why. He just doesn't seem very good at managing risk in the real world. If you spend any time at an investment bank or similar where you do a lot of trading, there are just hundreds of "gotchas" that those institutions are aware of and manage (or they aren't and don't and go bankrupt eventually). There are lots of fields like this in the real world, just lots of gotchas. He didn't seem to understand that. I'd bet Jane Street understands this at the org level, but the younger folks likely just see a little bit of the whole picture, and have a lot of theory.