
The Misbehavior of Markets
A Fractal View of Financial Turbulence
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Narrated by:
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Jason Olazabal
Benoit B. Mandelbrot, one of the century’s most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim.
In his first book for a general audience, Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets-a set of mathematical assumptions a century old and still learned by every MBA and financier in the world-simply does not work. As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior. The complex gyrations of IBM’s stock price and the dollar-euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are.
With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. The result is no less than the foundation for a new science of finance.
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 AudioListeners also enjoyed...




















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amazing work
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Fantastic
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One of the best books i’ve ever read on markets
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very fascinating, but hard to apply
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Where are the PDF?
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The book's good ideas outweigh the bad.
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The audio quality is good except where it isn’t there are a handful of places where they recorded over corrections that were done poorly.
The PDF is poor quality, some pages are illegible. Inexcusable for what I paid for the book.
Enjoyable Story
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Great book for investors
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Fantastico
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Mandelbrot is legendary. The reader is out of his depth.
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