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Home > Low Rates High Returns > Episode 15: Riding with the Kelly Gang - This is how to attain your ultimate wealth goal safely
Podcast: Low Rates High Returns
Episode:

Episode 15: Riding with the Kelly Gang - This is how to attain your ultimate wealth goal safely
Category: Business
Duration: 00:36:46
Publish Date: 2020-07-19 18:00:10
Description: We discuss the Kelly Criterion and the psychology of maximising your long-term wealth…and how to approach your wealth goal safely. Some of the points we cover in this episode include: -The prince and the pauper: diminishing marginal utility -Why we should become more risk averse as we approach our wealth goal -Arithmetic versus logarithmic returns -Compounded returns: Buffett versus the S&P 500 1965-2019 -Exponential returns and why the rich get richer -Objective versus subjective approaches to Kelly investing -Betting what you’re emotionally comfortable with Books and research mentioned Daniel Bernoulli – expected utility hypothesis (diminishing marginal utility) Thanks for listening! Download a free chapter from our book ’Low Rates, High Returns’ https://www.lowrateshighreturns.com/podcast Pete Wargent https://www.petewargent.com/ https://www.linkedin.com/in/pete-wargent-37228322/ Stephen Moriarty https://twitter.com/SGM63
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