Benoit Mandelbrot Critique on Efficient Market Hypothesis
Benoit Mandelbrot is an emeritus professor of mathematics at Yale University and the author of The Misbehavior of Markets: A Fractal View of Financial Turbulence. Having read much of his work, he is a math genius and a critic of the Efficient Market Hypothesis and the use of normal bell curves in finance.
Benoit Mandelbrot on Why 'efficient markets' collapse Financial Times interview.
In a fascinating in-depth interview with John Authors, investment editor, 85-year old mathematician Benoit Mandelbrot discusses his now 40-year old groundbreaking critique of the "efficient markets" hypothesis and why new theories on price movement discontinuities are needed after the credit crunch. Benoit Mandelbrot is an emeritus professor of mathematics at Yale University. (10m 51sec) Recorded Sep 30 2009
Source: Financial Times
