KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock Trading
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KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock Trading
KELLY CRITERION | Ed Thorp | Optimal Position Sizing For Stock Trading The Kelly Criterion calculation was created by Ed Thorp and made specifically to beat the game of Black Jack. Later used by the likes of Jim Simons and even Warren Buffet to determine position sizing for the financial markets. I personally use Fractional Kelly to optimise my ...
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