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Fin Moorhouse - Longtermism, Space, & Entrepreneurship
Dwarkesh Podcast
Taking a 'Kelly Bet' - That's a Great Point, Ben.
If you think about a bag testing in terms thelikeouno models for the stock market, one thing that to analogize this, is that a stride a geo just trike trying to maximize returns from a given trade. That results very quickly in you going bankrupt. And then there is something clled he cali criterion, where you reserve a big portion of your money and you only bet with a certain part of it. But if you act to your margins, like relatively small margins compared to the kind of pot resources you have, then i think it often makes sense to take,. just do the best thing, ben, and not worry too much about what's the kind of, like
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