How Long to Read The Kelly Capital Growth Investment Criterion

How Long Does it Take to Read The Kelly Capital Growth Investment Criterion?

It takes the average reader 14 hours and 23 minutes to read The Kelly Capital Growth Investment Criterion by Leonard C. MacLean

Assuming a reading speed of 250 words per minute. Learn more

Description

This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with...

How long is The Kelly Capital Growth Investment Criterion?

The Kelly Capital Growth Investment Criterion by Leonard C. MacLean is 853 pages long, and a total of 215,809 words.

This makes it 288% the length of the average book. It also has 264% more words than the average book.

How Long Does it Take to Read The Kelly Capital Growth Investment Criterion Aloud?

The average oral reading speed is 183 words per minute. This means it takes 19 hours and 39 minutes to read The Kelly Capital Growth Investment Criterion aloud.

What Reading Level is The Kelly Capital Growth Investment Criterion?

The Kelly Capital Growth Investment Criterion is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Kelly Capital Growth Investment Criterion?

The Kelly Capital Growth Investment Criterion by Leonard C. MacLean is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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