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by chiliap2
3555 days ago
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One I don't see recommended very often is: Fortune's Formula. It describes the lives of Claude Shannon and Ed Thorp (author of Beat the Dealer) and how they use the Kelley formula in both gambling and investing. The Kelley formula, as the book explains, is a formula for determining the optimum amount to bet on a wager (or investment) if you know the edge you have over the house. |
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