@article{beatingthebestconstantrebalancingportfol, title = {Beating the Best Constant Rebalancing Portfolio in Long-Term Investment: A Generalization of the Kelly Criterion and Universal Learning Algorithm for Markets with Serial Dependence}, author = {Duy Khanh Lam}, year = {2025}, eprint = {2507.05994}, archivePrefix = {arXiv}, url = {https://arxiv.org/abs/2507.05994}, }