This weeks podcast discusses some of the lessons that can be taken from the world of gambling that might help a trader with sizing their trades.  We discuss what returns a trader might reasonably expect from the market. We look at the Kelly criterion (also known as the Kelly system or Kelly formula), to see if it can provide any insights to investors.Patricks' Books:Statistics for Traders:  https://amzn.to/3eerLA0​Financial Derivatives:  https://amzn.to/3kwsPSr​Corporate Finance:  https://amzn.to/3fn3rvC​ Patreon: https://www.patreon.com/PatrickBoyleO...​Website: www.onfinance.org Twitter:https://twitter.com/PatrickEBoyle​Books:Ed Thorpe: https://amzn.to/3hG5gW4​Fortunes Formula: https://amzn.to/2YZAr7N​ When Genius Failed: https://amzn.to/3jhsUIW​Patrick on coffeezilla discussing these topics: https://www.youtube.com/watch?v=JfP4r...​Support the show