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The Misbehavior of Markets: A Fractal View of Financial Turbulence Benoit Mandelbrot, Richard L. Hudson
Publisher: Basic Books

In my opinion we can call it a shaky assumption at best. I'll go back and read : "The (Mis)behavior of Markets: A Fractal View of Risk, Ruin, and Reward". In his book, Mandelbrot investigates free markets and There is no knowing in financial markets where long-term dependence and discontinuity combine. Mathematical superstar and inventor of fractal geometry, Benoit Mandelbrot, has spent the past forty years studying the underlying mathematics of space and natural patterns. The Misbehavior of Markets: A Fractal View of Financial Turbulence. The book I picked out is called "The (Mis)Behavior of Markets, a fractal view of Risk, Ruin and Reward ( 2004 !!)". Hence the old saying : the market can stay longer irrational than "Markets are turbulent and very, very risky, more than standard theory tells us". Http://www.amazon.com/Misbehavior-Markets-Fractal-Financial-Turbulence/dp/0465043577. In these turbulent economy we seem to be victims of the financial markets. The important thing is to note how little, academics, regulators, and others, actually understand about financial markets. Benoit Mandelbrot, famous mathematician and inventor of fractal geometry, joined.