Kelly Criterion: Avoid Ruin

Metadata

• Author: nav.al
• Full Title: Kelly Criterion: Avoid Ruin
• Category: #articles
• URL: https://nav.al/kelly-criterion

Highlights

• The Kelly criterion is a popularized mathematical formulation of a simple concept. The simple concept is: Don’t risk everything. Stay out of jail. Don’t bet everything on one big gamble. Be careful how much you bet each time, so you don’t lose the whole kitty. (View Highlight)