3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP517: Mohnish Pabrai's Dhandho Investment Framework

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Kelly Formula

Monice: The Kelly formula calculates the optimal fraction of your money that should be invested into a favorable bet. Monice tells us the story of Ed Thorpe who wrote the book Beat the Dealer where he was able to gain an edge in Blackjack. If you own a business that's been on a bumpy ride from pandemic to inflation, I'm sure you could use a break. GetRefunds.com can help you too.

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