Correct, but the arguments given in this post for the Kelly bet are really about utility, not money. So if you believe that you should Kelly bet utility, that does not mean maximizing E(log(money)), it means maximizing E(log(log(money)). The arguments would need to focus on money specifically if they want to argue guess maximizing E(log(money)).
I believe Kelly maximizes E(log(money)), no?
Correct, but the arguments given in this post for the Kelly bet are really about utility, not money. So if you believe that you should Kelly bet utility, that does not mean maximizing E(log(money)), it means maximizing E(log(log(money)). The arguments would need to focus on money specifically if they want to argue guess maximizing E(log(money)).