There's an amusing though mean-spirited article of Paul Samuelson's purporting to debunk the use of the Kelly Criterion - [url]www-stat.wharton.upenn.edu/~steel

There's an amusing though mean-spirited article of Paul Samuelson's purporting to debunk the use of the Kelly Criterion - [url]www-stat.wharton.upenn.edu/~steele/Courses/434F2005/Context/Kelly%20Resources/Samuelson1979.pdf[/url] (pdf). All the words are one syllable. I find the title rather poetic - "Why we should not make mean log of wealth big though years to act are long".