Bill Reid, Kelly Criterion

Hi Bill Reid if you are there:

I finally learned about what you had said about long term growth of
portfolios.

Your recommendation (the formula involving logs) can be generalized,
and here it is applied to any Levi alpha stable shares with a risk
free bond

http://www.goldengem.co.uk/portfolio.html

Just enter the statistics and it will find the Bernoulli rate of the
portfolio.

This is NOT the same as avoiding risk, as the blurb explains. Long
term growth can be many centuries in the future, and can include
losing all but one penny and gaining it back again. So maximizing the
Bernoulli rate can be viewed as risky. But if that is what you want to
do , here is the program to do it generalizing your formula in the
simple case of a coin toss with odds.

I hope you read this....as it is totally based on what you often
say....

.