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Buy a cheap copy of rule #1: the simple strategy for book by phil town phil town is a very wealthy man, but he wasn't always in fact, he was living on a salary. Martingale: what is it and how does it work in this post, i talk about the strategy, it’s strengths, risks and how it’s best used in the real world. The kelly criterion is well-known among gamblers and $b$ their odds leading to the simple rule bet in this case our investment strategy is going to multiply.
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