kwanti

    The misbehavior of markets (Mandelbrot & Hudson)

    Book reviews February 22, 2009 Link

    mandelbrot

    Mr. Mandelbrot explains the shortcomings of modern finance theory in simple terms. Even though no practical alternative is given, the book was remarkably prescient (published a few years before the 2008 crisis) and encourages research into new models, possibly based on fractals.