For sure—both my titles were clickbait compared to what I was saying.
I think if I was trying to explain Kelly, I would definitely talk in terms of time-averaging and maximising returns. I (hope) I wouldn’t do this as an “argument for” Kelly. I think if I was to make an argument for Kelly which is trying to persuade people it would be something close to my post. (Whereby I would say “Here are a bunch of nice properties Kelly has + it’s simple + there are easy modifications if it seems too aggressive” and try to gauge from their reactions what I need to talk about).
I will definitely be more careful about how I phrase this stuff though. I think if I wrote both posts again I would think harder about which bits were an “argument” and which bits were guides for intuition.
I actually wouldn’t make very much of a defence for the Peters stuff. I (personally) put little stock in it. (At least, I haven’t found the “Aha!” moment where what they seem to be selling clicks for me).
I think the most interesting thing about Kelly (which has definitely come through over our posts) is that Kelly is a very useful lens into preferences and utilities. (Regardless of which perspective you come from).
For sure—both my titles were clickbait compared to what I was saying.
I think if I was trying to explain Kelly, I would definitely talk in terms of time-averaging and maximising returns. I (hope) I wouldn’t do this as an “argument for” Kelly. I think if I was to make an argument for Kelly which is trying to persuade people it would be something close to my post. (Whereby I would say “Here are a bunch of nice properties Kelly has + it’s simple + there are easy modifications if it seems too aggressive” and try to gauge from their reactions what I need to talk about).
I will definitely be more careful about how I phrase this stuff though. I think if I wrote both posts again I would think harder about which bits were an “argument” and which bits were guides for intuition.
I actually wouldn’t make very much of a defence for the Peters stuff. I (personally) put little stock in it. (At least, I haven’t found the “Aha!” moment where what they seem to be selling clicks for me).
I think the most interesting thing about Kelly (which has definitely come through over our posts) is that Kelly is a very useful lens into preferences and utilities. (Regardless of which perspective you come from).