Monday, March 24, 2008

Old Pros Size Up the Game

WSJ interview with Ed Thorp and Bill Gross.
-
...
-
....................
-
On a related note, I've been meaning to do a write-up one weekend on the Kelly Criterion, how I use it and how I believe it should be used in investing. Many opinions have been given on this topic but I believe a simplified, expected value approach that still involves the art behind valuation work is the correct one. Until then (or in case there is no then), here are a few related links:
-
-
Mauboussin: Size Matters
-
William Poundstone site page (author of Fortune's Formula)
-