The (Mis)Behaviour of Markets

A Fractal View of Risk, Ruin and Reward

By Benoit B. Mandelbrot (2008)

This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial...