Benoit Mandelbrot on Risk, Efficient Markets, and Bachelier

The FT has up a rare interview with mathematician Benoit Mandelbrot, a hero of mine. His book The Misbehavior of Markets is a classic, but his ruminations on risk, efficient markets and Louis Bachelier are always worth paying close attention to.


Related posts:

  1. Finance Academics: Your Stocks are Efficient, But Mine Aren’t
  2. Merton on Risk Homeostasis in the Capital Markets
  3. Bond Yields, Risk, and Repricing
  4. Jeremy Grantham on the “Anti-Risk” Bet
  5. European Sovereign Credit Risk, 1750-1913