There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes.
Maybe it's a sick fantasy of mine, but I am really looking forward to a debate between a general and a deserter. Plus, I really want to hear President Bush have to say, 'Yes, General, No, General. '