Remove a forgotten Frenchman
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We Must Begin Investing in Resilience

Innovation Excellence

Based largely on an obscure dissertation by a forgotten frenchman, it laid the foundations for a new era of financial engineering. GUEST POST from Greg Satell In 1964, as the financial revolution was gathering steam, an MIT economist named Paul Cootner published a collection of essays called The Random Character of Stock Market Prices.

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We Need To Start Investing In Resilience

Innovation Excellence

Based largely on an obscure dissertation by a forgotten frenchman, it laid the foundations for a new era of financial engineering. In 1964, as the financial revolution was gathering steam, an MIT economist named Paul Cootner published a collection of essays called The Random Character of Stock Market Prices.

article thumbnail

We Need To Start Investing In Resilience

Innovation Excellence

Based largely on an obscure dissertation by a forgotten frenchman , it laid the foundations for a new era of financial engineering. So Mandelbrot’s warnings, although not altogether forgotten, were put in the back seat and we paid an enormous price. Yet among the papers included was one that told quite a different story.