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How to Get the Best Returns Per Unit of Risk
The obtimal portfolio is a log wealth maximizing strate that buse thes whole ideaof this lick, the kelly criterion, and that sizing. It was developed by an engineer at bell labs who did it with a black jack initially. The straies aren't super popular because people don't like long a becase t usudaly loses money. But if you bet everything you have, youre certain to be wrong time, you lose everything.