QAV S03E52 — Groundhog Day

Tony does a deep dive explanation on the Kelly Criterion and we discuss the challenges in applying it to share investing. We also discuss stocks that briefly stick their head above the ground and then retract them again (aka a groundhog), review Tony's thoughts on average daily trade volume, answer a question about whether SFR is a Schrodinger, talk about how the Reserve Bank's decision to go max QE and the US election might affect the market, review the CAA consolidation and aluminium prices, and Tony's stock pick of the week is KMD.