I think you’re right, I had misunderstood! Kind of an egregious misunderstanding, too.
I’m curious how it seems to you to be fundamental to the post, maybe I missed something on that count. I’m planning on replacing ‘shouldn’t scale . . . proportionally’ with ‘shouldn’t scale more than proportionally’, and I don’t see how that substantially changes anything, given that Jill is right, and the concept of a Kelly fraction isn’t applicable when you’re starting out with zero capital of your own to gamble.
I think you’re right, I had misunderstood! Kind of an egregious misunderstanding, too.
I’m curious how it seems to you to be fundamental to the post, maybe I missed something on that count. I’m planning on replacing ‘shouldn’t scale . . . proportionally’ with ‘shouldn’t scale more than proportionally’, and I don’t see how that substantially changes anything, given that Jill is right, and the concept of a Kelly fraction isn’t applicable when you’re starting out with zero capital of your own to gamble.