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Description:
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In this episode, Pete and Steve discuss the Kelly Criterion and whether Warren Buffett could be considered a Kelly investor.
Buffett has never mentioned whether he is a Kelly investor, but by looking at the Kelly principles, Pete and Steve believe that Buffett is probably a Kelly investor given the way he invests and his philosophy which appears to be closely aligned with Kelly.
They also discuss what criteria make for a Kelly type investor and how it can lead to greater investment returns over the long run.
Books referred to:
The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy by Robvert G. Hagstrom
Thanks for listening!
Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast
Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/
Stephen Moriarty
twitter.com/SGM63 |
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