4min chapter

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

TIP354: Building Berkshire 2.0 w/ Chamath Palihapitiya

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Kelly Formula for Position Size

I'm glad you brought up position size because it's something I've been thinking a lot about recently. Your own mental outlook and a margin of safety is now then the biggest determinant of success. People have an incredible difficulty in doubling down and success. So from my perspective, like when we're initiating a position early on, degrees of freedom matter more than anything else.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode