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Yahoo! Finance
10-08-2006, 02:08 AM
Yahoo Finance Investing Strategies

Morningstar.com
Optimize Your Portfolio with the Kelly Formula
Thursday October 5, 11:37 am ET
By Justin Fuller

Suppose there were a simple and elegant formula that helped you to maximize your long-term investment returns while minimizing the risk of total ruin. Sounds like something you'd like to use for your portfolio, doesn't it? In his recent book, Fortune's Formula, author William Poundstone details the development, use, and criticism of an equation that purports to do just what I have described. It is known as the Kelly Formula.

complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ms/061005/174562.html?.v=1)
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