@rjparkerjr09 @mikeharrisNY On sequence, it turns out that given the same individual bet outcomes but different ordering doesn’t matter if you bet Kelly.
@mikeharrisNY People often mistakenly believe Kelly is about making large bets. It is not. It doesn’t result for large or small bets, rather, it results in a bet size calibrated to the probabilities and payoffs if your goal is to compound your portfolio at a high rate
@vetleforsland 1.3x isn’t what it used to be. The accounting changed and they marked up their assets to fair value so a 1.3x is a bit higher on an apples to apples basis with the last 20 years