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  1. Three dead, eight injured in Philippines school shooting The gunman, a 16-year-old student, is among the dead in what is the third school shooting in the country since June.
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  3. Mississippi River mayors help cities navigate rising data center interest Mississippi River mayors came together this week to help river communities evaluate data center proposals, as the facilities continue to rapidly expand across the basin.
  4. First-month grades for all 20 Premier League teams: From an A+ to F Which Premier League teams are acing -- or flunking -- the season so far?
  5. Oil prices fall for third day on Saudi Arabia supply hopes; U.S. crude briefly dips below $100 Oil prices fell on Friday as additional Saudi crude supplies help ease disruption fears.
  6. Why Papua New Guinea is so interesting And this leads to the most interesting part of this story: how the highlanders were so isolated for so long.
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Kelly Criterion The Bet Sizing Formula Behind Blackjack and Wall Street

Wikipedia

The Kelly criterion is a bet sizing formula that sets what fraction of a bankroll to stake, and getting that fraction wrong destroys an otherwise sound edge. John Larry Kelly Jr. published it at Bell Labs in 1956 in A New Interpretation of Information Rate, deriving it from Claude Shannon's work on noisy communication channels rather than from any theory of finance.

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Kelly Criterion The Bet Sizing Formula Behind Blackjack and Wall Street
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