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38. Evolution, Complexity, and the Remaking of Economics

Mutiny Investing Podcast

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The Kelly Criterion Is the Wealth Maximising Strategy

If you start off on a lucky and unlucky time streak, and you're able to acumulate more than somebody else, like you could sustain that longer. So it's a matter like just kind of lucky coin flips. And then we think about that wealth distribution that way, and like your saying, you related it back to antmanorshi. Tr if you look at em, athe thing that reminded me of his a, youlike, if you run like a kelly criterion n simulations, write fortunate formula - which is another book by asie.

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