#16: Tobias Carlisle on Beating ’The Little Book That Beats The Market’
Superinvestors and the Art of Worldly Wisdom
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Concentrated Investing: The Kelly Criterion
The Kelly Criterion describes the outer limit of how much you should bet in any given position. Ed Thorpe used it first at a blackjack table and then he used it subsequently in his hedge fund to great effect. Monish Pribrai had published the dandow investor where he talked about using Stuart enterprises for value stocks.
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