E21 - Can you lose money picking 60% winners?

Ep: 21 - Victor Haghani Victor is a very well known finance and investing expert. Victor started out at Salomon Brothers before moving on to places including John Meriweather and Long Term Capital Management. Currently, he is the Founder and CEO of Elm Funds. Victor joins the podcast to chat about a myriad of topics including his recent research paper and experiment titled Rational Decision Making under Uncertainty. Link - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2856963 We discuss the results of the experiment with a biased coin (60% heads vs 40% tails) and the optimal bankroll and money management techniques for betting, wagering, investing and gambling. Is it possible to lose long term when picking 60% winners? Can you bet too little or too much when the outcome is 60/40 in your favour? We discuss this and more. The Business of Betting Podcast - A podcast about the business side of the betting, wagering and investing world. Hosted on Acast. See acast.com/privacy for more information.

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