Be that as it may, for our present purposes, a bottom line emerges: Stock prices are not independent. Today's action can, at least slightly, affect t… - Benoit Mandelbrot

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Be that as it may, for our present purposes, a bottom line emerges: Stock prices are not independent. Today's action can, at least slightly, affect tomorrow's action. The standard model is, again, wrong.

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About Benoit Mandelbrot

Benoît B. Mandelbrot (20 November 1924 – 14 October 2010) was a Poland-born French-American mathematician known as the "father of fractal geometry".

Biography information from Wikiquote

Also Known As

Alternative Names: Mandelbrot, B. B.‏ Benoît Mandelbrot Benoit B. Mandelbrot Benoît B. Mandelbrot
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Additional quotes by Benoit Mandelbrot

I claim that many patterns of Nature are so irregular and fragmented, that, compared with Euclid — a term used in this work to denote all of standard geometry — Nature exhibits not simply a higher degree but an altogether different level of complexity … The existence of these patterns challenges us to study these forms that Euclid leaves aside as being "formless," to investigate the morphology of the "amorphous."

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