Benoit Mandelbrot Critiques the “Efficient Markets” Hypothesis

In a fascinating in-depth interview with John Authers, 85-year old mathematician Benoit Mandelbrot discusses his now 40-year old groundbreaking critique of the “efficient markets” hypothesis and why new theories on price movement discontinuities are needed after the credit crunch. [Hat Tip to]

Editor’s Note: there are two parts to this video so after watching the first wait for the second to automatically load and begin … [ Read more ]

How Fractals Can Explain What’s Wrong with Wall Street

The geometry that describes the shape of coastlines and the patterns of galaxies also elucidates how stock prices soar and plummet. [Hat tip to]