The (Mis)behavior of Markets
by Benoit Mandelbrot & Richard L Hudson
Buy on AmazonI have been involved in the professional practice of uncertainty for almost all of my adult life. I’ve seen and read books and papers on the subject of deviations, with ‘this is interesting’ here and there. I closed this book feeling that it was the first book in economics that spoke directly to me. Not only that, but this astonishing simplicity, realism, and relevance of the subject makes it the only work in finance I’ve read that seemed to make sense.
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"I have been involved in the professional practice of uncertainty for almost all of my adult life. I’ve seen and read books and papers on the subject of deviations, with ‘this is interesting’ here and there. I closed this book feeling that it was the first book in economics that spoke directly to me. Not only that, but this astonishing simplicity, realism, and relevance of the subject makes it the only work in finance I’ve read that seemed to make sense."
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