The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. This book offers a more accurate and authoritative take on liquidity and price discovery.
Introduces readers to the vast advantages of seeking investment opportunities all over the planet. Own the World provides investors with the tools necessary to build a global portfolio and point out potential hurdles to avoid. It also educates readers on the nuts and bolts of fo…
"Together with Richard L. Hudson, Benoit Mandelbrot turns a fractal eye to the behavior of financial markets and overturns the "random walk" theory that is the underpinning of all contemporary financial analysis. Markets, we learn, are far riskier than we have wanted to believe.…
"Together with Richard L. Hudson, Benoit Mandelbrot turns a fractal eye to the behavior of financial markets and overturns the "random walk" theory that is the underpinning of all contemporary financial analysis. Markets, we learn, are far riskier than we have wanted to believe.…
Uses fractals to analyze the stock market. Asserts that the market's risks have been underestimated. Describes the current theories about finance and points out the holes in them. Also includes information about market bubbles.
"The (Mis)Behavior of Markets offers a revolutionary reevaluation of the tools and model of modern financial theory. From the gyrations of the Dow to the dollar-euro exchange rate, mathematical superstar and inventor of fractal geometry Benoit Mendelbrot shows how to understand …
