alt Hacker NewsYeah, but in the limit of a one-sided irrational market, the rational actor is going to be given as much capital as he can take.
Yeah, but in the limit of a one-sided irrational market, the rational actor is going to be given as much capital as he can take.
In the long run. In the short run, our rational actor will be constrained by the Kelly criterion, well and whatever outside funding she can raise.