Dollars and Jens
Friday, July 20, 2007
Bill Miller
Really, "Bill Miller speaks" is the sort of thing that should just make you follow the link and leave whatever I have to say redundant, but it's customary at this blog to steal at least one choice bit regardless.
If you have a valuation discipline, then you know that stock prices change more rapidly than business value.
I hadn't heard of the Kelly criterion before, but it looks like something I derived a few years ago. This is one of those things I should surely research more at some point.

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