Kelly's Formula http://exponatial.blogspot.com/2018/04/kelly-formula.html
Meyer, J. (2014). Chapter 3 - The Theory of Risk and Risk Aversion, In: Mark Machina and Kip Viscusi, Editor(s), Handbook of the Economics of Risk and Uncertainty, North-Holland, 2014, Volume 1, Pages 99-133, http://dx.doi.org/10.1016/B978-0-444-53685-3.00003-9.
Carta, A. and Conversano, C. (2020) Practical Implementation of the Kelly Criterion: Optimal Growth Rate, Number of Trades, and Rebalancing Frequency for Equity Portfolios. Frontiers in Applied Mathmatic and Statistics. 6:577050. https://doi.org/10.3389/fams.2020.577050
How to use Python and the Kelly Criterion to Optimize your Stock Portfolio