Not quite, because one big input is the ratio of your investments to your annual savings. Large drawdowns are bad late in life, early in life they're not such a big deal. Kelly prohibits very profitable bets when they come with considerable risk of ruin (because you lose out on any future compounding when you zero out your wealth), but that is too conservative when you're young and your portfolio is small relative to your income.
The article even hints at this by observing that the discounted sum of future salaries are part of your current wealth. Which is exactly correct and also -- if you're young -- the most significant variable by several orders of magnitude. Curiously, the author understands this but doesn't care.
The article even hints at this by observing that the discounted sum of future salaries are part of your current wealth. Which is exactly correct and also -- if you're young -- the most significant variable by several orders of magnitude. Curiously, the author understands this but doesn't care.