Risk and Edge
Kelly Math Weirdness
The danger of Kelly criterion when the bet is skewed
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How Markets Work
Nah…you just ain’t seein’ the ball
What people confess when they say markets don't make sense
Risk and Edge
My grandma is $24.05 bid, stop embarrassing yourself
On competition and more on bet sizing
How Markets Work
Getting Comfortable With Log Charts
Visualizing compounding for various rates of return
Risk and Edge
Getting Paid To Flip Million Dollar Coins
How much would you bet on a favorable coin?
Risk and Edge
Thinking In N not T
Sample sizes are not the same over equal time intervals
How Markets Work
Lessons From Ed Thorp’s Interview With Tim Ferriss
What we can learn from Ed Thorp
Options Theory
A Visual Appreciation For Black-Scholes Delta
Seeing delta from a new angle
Risk and Edge
Risk Depends On The Resolution
Volatility depends on sampling period
How Markets Work
The GOAT’s Parting Wisdom
Lessons from Munger
Risk and Edge
Using The Right Rulers
My notes on 2 books about measurement
How Markets Work
Bridge of Asses
The replication mindset is the key to upgrading your financial thinking
How Markets Work
5 Takeaways From Todd Simkin on The AlphaMind Podcast
More lessons from SIG
Risk and Edge
The Midpoint From 1 to 9 is…3?
numeracy practice
Options and Volatility
A Simple Demonstration of Return Vs Volatility
Volatility is a quadratic drag on returns
How Markets Work
The Creep of Arbitrage Means Investing Is Mostly A Faith Exercise
The challenge of "long term" investing