129: Victor Haghani – Optimal Bet Sizing—Lessons From a Biased Coin Flip Experiment
Chat With Traders
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I Don't Know if You Can Beat the Market
The experiment shows how position sizing can have such a huge effect on your, your outcome. Anis got a paper that we're going to post in the next couple of days this kind of honest topic. It's using a coin, it's usingit's using the lens of coin flipping to explain that. And what that kind of means is it takes a hundred and forty years to differentiate a investment manager that's giving sharp ratio of zero versus one that's givingsharp ratio of two or three.
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