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Edge, Paradox, Bravery and the Stock Market

I have written in the past about the Kelly Betting Criterion, named after the Bell Laboratory researcher John L. Kelly. In short, ‘the...

Making the Most of an Investment Edge

Whether in skill games like Poker or luck games like Blackjack, repeatable success requires tilting the odds in your favour, then betting...

What Poker, Blackjack and Coin Toss can Teach you About Investing

Whether in skill games like poker or luck games like blackjack, repeatable success requires tilting the odds in your favour, then betting...

Gaining an Edge from Gambling

I never gamble. Not because I think it is a stupid thing to do - though it certainly can be - I just don’t have the time or inclination....

For Better Investment Results, Concentrate

As the Financial Times’ John Authers rightly points out, “active share” – the portion of a fund that differs from its benchmark – should...

Skilled Managers do Exist

John Authers asserts (“Quest for test of investment skill persists”, January 11) that nobody can tell which “investors are more skilled...

Making the Most of an Investment Edge

Whether in skill games like Poker or luck games like Blackjack, repeatable success requires tilting the odds in your favour, then betting...

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