Originally Posted by
terry0222
If you like to read, suggest you pick up a copy of FORTUNE'S FORMULA by William Poundstone. A lot of the book is related to items OTHER than Kelly. But, it has a great discussion of Kelly, RoR, etc. It discusses the upside (and downside) of Kelly, using a full-Kelly vs Half-Kelly or some other fractional Kelly.
Basically, a book of how Kelly has been used in investing.
Again, much of the book is devoted to material other than Kelly. But, it has a great discussion of Kelly.
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