Description
Benoit B. Mandelbrot is world-famous for inventing fractal geometry, making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these insights we can now add another example: Markets are not the safe bet your broker may claim.
Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets--a set of mathematical assumptions a century old and still learned by every MBA and financier in the world--simply does not work. He uses fractal geometry to propose a new, more accurate way of describing market behavior. From the gyrations of the Dow to the dollar-euro exchange rate, Mandlebrot shows how to understand the volatility of markets in far more accurate terms than the failed theories that have repeatedly brought the financial system to the brink of disaster. The result is no less than the foundation for a new science of finance.
Details
Revolutionize your understanding of financial markets with "The Misbehavior of Markets: A Fractal View of Financial Turbulence" by Benoit B. Mandelbrot. This groundbreaking book unveils a new model that challenges traditional assumptions about market behavior. Say goodbye to outdated theories and embrace a more accurate approach to navigating the complexities of the financial world.
Join the ranks of forward-thinkers who are incorporating fractal geometry into their financial analysis. Mandelbrot, a renowned mathematician, presents a fresh perspective that sheds light on the inherent volatility of markets. Gain insights that can help you make informed decisions and stay ahead of the curve in an ever-changing financial landscape.
Don't settle for conventional wisdom when it comes to understanding market dynamics. Embrace the power of fractals and unlock a wealth of knowledge that can transform your approach to investing. Whether you're a seasoned investor or just starting out, this book offers a valuable glimpse into the future of finance.
Ready to elevate your understanding of financial markets and embark on a journey of discovery? Take the first step towards a new era of financial insight with "The Misbehavior of Markets: A Fractal View of Financial Turbulence." Get your copy now!
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