Ep. 213 Mark Spitznagel Teaches the Economists How to Invest
Bob reviews Mark Spitznagel’s latest book, “Safe Haven: Investing for Financial Storms,” on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: Bob’s appearance on Jordan Peterson‘s…
Ep. 110 Blackjack, the Kelly Criterion, and the “Scientific” Approach to Investing
Bob discusses the famous Kelly criterion, which is a rule for capital management relevant in both gambling and investing. Bob explains the appeal of the Kelly criterion but also details how professional economists have disputed its importance. Bob illustrates the points with references to his high school Blackjack days. Mentioned in the Episode and Other…