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Sean Stannard Stockton - Managing In a Volatile Environment

The Business Brew

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Position Sizing and Stack Ranking

John MacIntosh: We want to own stocks that trade at a deep discount. But we also want to understand how confident are we of that? He says the kelly criterion is a well known way to think about position sizing, signed for for gambling. And in position sizing our portfolio, we actually focus more heavily on how likely we are to be right in our analysis.

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