



Read by Tim Ferriss, Barack Obama, Ray Dalio and 18 others

A Fractal View of Risk, Ruin, and Reward
by Benoit B. Mandelbrot, Richard L. Hudson · 2004 · 328 pages

Nassim Nicholas Taleb
A mathematician and the father of fractal geometry challenges the core assumptions of modern financial theory, arguing that markets are far riskier than traditional models suggest. Using fractal tools, the authors demonstrate that price swings follow power laws and cluster in 'wild randomness' rather than a normal bell curve distribution.
Published
2004
Pages
328
Language
en
ISBN
9780465043552
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