Conversation

This Tweet was deleted by the Tweet author. Learn more

Replying to

so you're saying that if you don't happen to think that $10k is exactly the perfect investment then 100% is definitely the perfect size? or something else?

This Tweet was deleted by the Tweet author. Learn more

Replying to

"Im saying once you violate a full Kelly optimal bet, you may as well do whatever you want bc you’re no long following wealth maximizing strategy " imagine trying to tell that one to your risk management team :P

This Tweet was deleted by the Tweet author. Learn more

Replying to

to be clear when you're doing this, what are you using for "your bankroll"? Does it include expected future earning power? Does it include intellectual property?

This Tweet was deleted by the Tweet author. Learn more

SBF

@SBF_FTX

Replying to

@tbr90

sure -- note that your bankroll isn't actually a number, it's a complex function which is correlated to your bet outcomes, so it's not trivial to figure out what log bets even mean in that case.

8:24 AM · Dec 14, 2020Twitter Web App

This Tweet was deleted by the Tweet author. Learn more

Replying to

er that's an ok way to try to estimate it but it's not just a number! there isn't a single number that represents your bankroll if what you have is $5b of 20-year locked XRP. That bankroll has uncertainty and correlation with your bets!