Kelly Criterion is a curse when it comes to cryptoinvesting You buy a meme for lulz -> It grows tenfold -> Your crypto share of total capital is too big -> 3 options: a) sell b) increase "safe" capital (somehow) c) be a hypocrite
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Kelly Criterion is alright when it comes to normieinvesting Set a boundary of 20% max capital -> Buy tech and a few memes -> Forget Most investors never outperform market AND lose money long-term So focusing on maintaining a boundary gamifies the experience and eases the stress
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Evgenii Retweeted 🐈
Kelly Criterion: an Example In this theory, your edge is 10%, so max KC would be 30% of bankroll …https://stock-analyzer-ibfzk28je-theory-a.vercel.app/ byhttps://twitter.com/a_yawning_cat/status/1395039658187259907?s=20 …
Evgenii added,
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Replying to @gene_minkov
fyi i've been using busd & usdc as safe capital and it seems to be holding alright
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Replying to @a_yawning_cat
Ikr! I am personally from Tether crew though A pleasant surprise
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Replying to @gene_minkov
🐈 Retweeted Patrick McKenzie
saw a lot of this stuff around tether back then. didn't understand any of it so wasn't able to lock down any gains in the 2017/2018 run - -;https://twitter.com/patio11/status/1051560132235030528?s=20 …
🐈 added,
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Replying to @a_yawning_cat
Evgenii Retweeted Alex Becker 🍊 🏆 🥇
You may lose all respect for me if any, but I honestly believe it's not worth understanding beyond the heuristcs level As in every skill has a price, and gains from "deep" managing money skill are insignificant compared to, say, creator skillshttps://twitter.com/ZssBecker/status/1395025339676598277?s=20 …
Evgenii added,
Alex Becker 🍊 🏆 🥇 @ZssBeckerSomeone said "Alex your having fun cuz your already rich. We are not". There's NEVER been a point in history where people who build things of value consistently were out paced by people who gambled on assets. Ever. If this is your shot at getting rich, your doing this wrong.1 reply 0 retweets 1 like
true, not acting bc lack of a clear model and only heuristics is the default of doing nothing and that has risk too
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