#15425
Mentioned in 2 episodes

The (mis)behavior of markets

Book • 2004
In 'The (Mis)Behavior of Markets', Benoît Mandelbrot and Richard L. Hudson challenge conventional financial theories by applying fractal geometry to market dynamics.

They argue that markets exhibit complex patterns and extreme events more frequently than traditional models predict, highlighting the importance of recognizing these patterns for better risk management.

The book critiques the efficient market hypothesis and modern portfolio theory, advocating for a more nuanced approach to financial markets.

Mentioned by

Mentioned in 2 episodes

Mentioned by
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Kyle Grieve
in the context of philosophical mental models and market efficiency.
152 snips
TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve
Recommended by
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Kris Sidial
as his favorite market book, explaining the instability of financial markets.
118 snips
TIP702: Hedging Against Market Crashes w/ Kris Sidial

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