Risk of Ruin – by Marc Rubinstein – Net Interest

Nice post by Marc Rubinstein discussing the Kelly Criterion against a backdrop of Sam Bankman-Fried’s risk appetite. Whether you agree or disagree with the Kelly Criterion, I think at a minimum it is well worth understanding what it says about the optimal betting strategy. Lots of useful links to other posts on the same topic.

— Read on www.netinterest.co/p/risk-of-ruin

Tony – From the Outside

Author: From the Outside

After working in the Australian banking system for close to four decades, time to read, write and reflect on what I have learned. My primary area of expertise is bank capital management but this blog aims to offer a bank insider's outside perspective on banking, capital, economics, finance and risk. View all posts by From the Outside