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So.... Optimal Kelly. Right?
Commented Jul 5, 2017 on How Leveraged Should Your Stock Market Investments Have Been? at Grasping Reality by Brad DeLong
How Leveraged Should Your Stock Market Investments Have Been?
## How Leveraged Should Your Stock Market Investments Have Been? **J. Bradford DeLong and Siyuen Chen** Here we have Robert Shiller's working, updated data series for the U.S. stock market over the long run: starting in 1871—back when the stock market was overwhelmingly railroads—with the Cowl...
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