World Scientific Handbook in Financial Economic Series - Vol. 3 THEORY and PRACTICE THE KELLY CAPITAL GROWTH INVESTMENT CRITERION

 

This is for informational purposes only. For investment or financial advice, consult a professional.

The World Scientific Handbook in Financial Economics Series is a collection of books that cover various topics in financial economics.¹ One of the books in this series is titled "The Kelly Capital Growth Investment Criterion: Theory and Practice".² This book provides a comprehensive overview of the Kelly Criterion, which is a mathematical formula used to determine the optimal amount of capital to invest in a risky asset.³ The book covers the theoretical foundations of the Kelly Criterion, as well as its practical applications in various investment scenarios.

The Kelly Criterion is a controversial topic in finance, with some investors believing that it is a valuable tool for maximizing long-term returns, while others believe that it is too risky and can lead to significant losses.⁴ The book provides a balanced perspective on the Kelly Criterion, presenting both the potential benefits and risks of using this strategy.

Overall, "The Kelly Capital Growth Investment Criterion: Theory and Practice" is a valuable resource for anyone who wants to learn more about this important topic in financial economics. The book is well-written and informative, and it provides a comprehensive overview of the Kelly Criterion. However, it is important to note that the Kelly Criterion is a complex topic, and readers should have a strong understanding of mathematics and finance before attempting to use this strategy.