E21 - Can you lose money picking 60% winners?

Business of Betting Podcast · Sep 12, 2017 · 47m

Ep: 21 - Victor Haghani

Victor is a very well known finance and investing expert. Victor started out at Salomon Brothers before moving on to places including John Meriweather and Long Term Capital Management. Currently, he is the Founder and CEO of Elm Funds.

Victor joins the podcast to chat about a myriad of topics including his recent research paper and experiment titled Rational Decision Making under Uncertainty.

Link - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2856963

We discuss the results of the experiment with a biased coin (60% heads vs 40% tails) and the optimal bankroll…