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.

mandelbrot

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  3. Bond Yields, Risk, and Repricing
  4. Jeremy Grantham on the “Anti-Risk” Bet
  5. European Sovereign Credit Risk, 1750-1913