The Kelly Criterion Formula And Betting Explained
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A friend of mine recently forwarded an article by Kyle Mowery of GrizzlyRock Capital where he discusses the Kelly Criterion and how his fund implements it for position sizing. First off, I’ll say kudos to GrizzyRock Capital for a thoughtful approach to position sizing. I’ve written numerous times about the benefits and deficiencies of the Kelly Criterion and Mr. Mowery’s article does a good job of laying out the implementation and some of the benefits and detriments of Kelly. (더 보기…)
