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The Misbehavior of Markets

A Fractal View of Financial Turbulence
Narrated by: Jason Olazabal
Length: 10 hrs and 6 mins
Categories: Nonfiction, Economics
4.5 out of 5 stars (67 ratings)

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Publisher's Summary

Mathematical superstar and inventor of fractal geometry Benoit Mandelbrot has spent the past 40 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. 

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2007 Benoit Mandelbrot and Richard L. Hudson (P)2019 Hachette Audio

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  • 03-30-19

Where are the PDF?

Very very good but where are the PDFs? The book is very interesting fractal vs bell curve.

2 of 3 people found this review helpful

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Well presented

Well presented work by an iconoclast genius. The a companion pdf is helpful,. More formal math would have helped some of us, but restricted the audience.