“The best strategy is one that offers the highest compound return consistent with no risk of going broke.” RiskReturnOffersHighestStrategyBrokeConsistentCompounds Book:Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
“There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes.” MeanTurnsChoicesSimpleHighestConnectionsInvestmentOutcomesPublicationPrescriptionsGeometricWagersDeep Connections Author:William Poundstone
