Re:If You Want to Go Broke, Listen to a Billionaire
by cjlars on Tuesday October 01, 2019 @08:19PM
(#21132295)
I was typing up the same comment when your hit.
Kelly criterion is a great mental framework, but the math obviously doesn't work out for VC placements. The best alternative I've been able to come up with is to brute force / simulate thousands of different portfolio outcomes and optimize from there.
Kelly criterion is a great mental framework, but the math obviously doesn't work out for VC placements. The best alternative I've been able to come up with is to brute force / simulate thousands of different portfolio outcomes and optimize from there.