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@tbr90

please define "Kelly optimizes for total wealth" I disagree for many reasonable definitions of it. For some it's true!

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wait if it's not an iterated bet? what if it's just a single bet?

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SBF

@SBF_FTX

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@tbr90

yeah but if those bets won't all be the same then what a kelly calculator spits out won't necessarily have a very high chance of having a better outcome

8:21 AM · Dec 14, 2020Twitter Web App

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and

your extremely strong claims are only true for a very specific instance (infinite repeated identical bets where you can only have a constant strategy)

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and

anyway I should stop spending time on this, guess we'll have to agree to disagree