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 FinanceProfessor.com]

Editor’s Note: there are two parts to this video so after watching the first wait for the second to automatically load and begin playing after a small delay.

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