anotheranon631

4 ms·

1. 1.▲
   by anotheranon631 5y ago

   It sounds like we might mostly agree in substance and a debate over semantics isn’t productive. I agree that “the inputs to the Kelly formula are imprecise and therefore we should not mindlessly implement its recommendations.” I agree that
2. 2.▲
   by anotheranon631 5y ago

   “ The fundamental principle of Kelly is that you know your edge, in the markets that is mostly untrue.” Most every professional investor I’ve met attempts to quantify the risk-reward of each trade and size accordingly. I agree that naieve
3. 3.▲
   by anotheranon631 5y ago

   https://blog.alphatheory.com/2013/01/kelly-criterion-in-prac...