Interesting article on the Kelly Formula at Morningstar
This popped up today...
http://news.morningstar.com/article/article.asp?id=174562
This popped up today...
http://news.morningstar.com/article/article.asp?id=174562
Just finished reading "Fortune's Formula" this morning. It's a fascinating book, well written, and full of information on some of the famous and infamous connected with gamblng in general, blackjack in particular, and playing the stock market. Much of the book deals with trying to beat the market, and though I don't understand things like arbitrage and hedge funds, it really held my interest, mostly because of the wellknown people, their big successes, and abysmal failures.
Available from Amazon in hardcover at a very reasonable price.
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