The (Mis)behavior of Markets

Mandelbrot, Benoît B.

Hudson, Richard L.

Basic Books

Mathematical superstar and inventor of fractal geometry, Benoit Mandelbrot, has spent the past forty years studying the underlying mathematics of space and natural patterns. What many of his followers don't realize is that he has also been watching patterns of market change. In The (Mis)Behavior of Markets, Mandelbrot joins with science journalist and former Wall Street Journal editor Richard L. Hudson to reveal what a fractal view of the world of finance looks like. The result is a revolutionary reevaluation of the standard tools and models of modern financial theory. Markets, we learn, are far riskier than we have wanted to believe. From the gyrations of IBM's stock price and the Dow, to cotton trading, and the dollar-Euro exchange rate--Mandelbrot shows that the world of finance can be understood in more accurate, and volatile, terms than the tired theories of yesteryear.The ability to simplify the complex has made Mandelbrot one of the century's most influential mathematicians. With The (Mis)Behavior of Markets, he puts the tools of higher mathematics into the hands of every person involved with markets, from financial analysts to economists to 401(k) holders. Markets will never be seen as "safe bets" again.

The Misbehavior of Markets: A Fractal View of Financial Turbulence

Business & Money

Mandelbrot, Benoît

Economics

What does it take to build powerful, positive beliefs and pass them on to your children? Parents face a multitude of challenges to do this in today's shifting moral climate. It's Time to Draw the Line! shows parents how to increase their influence and connect with their children, even in the face of a persistent, pervasive, and often perverse media onslaught. Richard L. Hudson has written this book for parents who want to teach their children values and character to set them up for life. It's Time to Draw the Line! draws on Rich's more than two decade study of beliefs and his 15 years of coaching CEOs and Managing Directors around the world. Just as he taught executives to "invest" in powerful beliefs, Rich shows parents simple, direct steps to begin drawing lines to build beliefs, values, and character to pass on to their children. One of the Founding Fathers, John Adams, said that the foundation of the nation is national morality and that this foundation is laid down in the family. National morality-the public and private virtue-is what Rich says is our true national treasure. Parents can only give away what they own, and It's Time to Draw the Line! provides parents a way to build a portfolio of powerful beliefs to pass on to their children-The Ultimate Legacy(tm).

It's Time to Draw the Line!: What Parents Must Do Now to Save Our Children and Restore Our National Treasure

Parenting & Relationships

Hudson, Nancy

Parenting

Belief Incorporated

The (Mis)Behaviour of Prices : A Fractal View of Risk, Ruin and Reward

Science & Math

Mathematics

Profile Books, Ltd.

Fractales y finanzas: Una aproximación matemática a los mercados: arriesgar, perder y ganar

Tusquets Editores S.A.

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Books by Hudson, Richard L.