Re: Amazon.com: The Misbehavior of Markets

From: richard miller (richard_at_microscitech.freeserve.co.uk)
Date: 08/16/04 

Date: Mon, 16 Aug 2004 23:00:27 +0100

Selling out, or cashing in?

These rules only work so long as no one, in the know, participates in the
market.

Junk bonds anyone?

Hmmm....

"Roger Bagula" <tftn@earthlink.net> wrote in message
news:412127F0.1090309@earthlink.net...
> The Misbehavior of Markets
> by Benoit Mandelbrot
>
<http://www.amazon.com/exec/obidos/search-handle-url/index=books&field-autho
r=Benoit%20Mandelbrot/102-9368382-6892922>,
> Richard L. Hudson
>
<http://www.amazon.com/exec/obidos/search-handle-url/index=books&field-autho
r=Richard%20L.%20Hudson/102-9368382-6892922>
> Editorial Reviews
>
> About the Author
> Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale
> University and a Fellow Emeritus at IBM's Thomas J. Watson Laboratory.
> He is the inventor of fractal geometry, whose most famous example, the
> Mandelbrot Set, has been replicated on millions of posters, t-shirts and
> record albums. He was a leading figure in James Gleick's Chaos and has
> received the Wolf Prize in Physics, the Japan Prize in science and
> technology, and awards from the U.S. National Academy of Sciences, the
> IEEE, and numerous universities in the U.S. and abroad. His books
> include Fractals: Form, Chance and Dimension, which was later expanded
> into the classic The Fractal Geometry of Nature, which has sold more
> than 200,000 copies. This is his first book for lay readers on finance,
> a subject he has studied since the 1960s. He lives in Scarsdale, NY.
>
> Richard L. Hudson was the managing editor of the Wall Street Journal's
> European edition for six years, and a Journal reporter and editor for
> 25. He is a 1978 graduate of Harvard University and a 1991 Knight Fellow
> of MIT. He lives in Brussels, Belgium.
>
> Product Description:
> From the inventor of fractal geometry, a revolutionary new theory that
> overturns our understanding of how markets work.
>
> 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.
>
> ------------------------------------------------------------------------
> Product Details:
>
> * Hardcover: 328 pages
> * Publisher: Basic Books (August 1, 2004)
> * ISBN: 0465043550
> * Product Dimensions: 9.5 x 15.0 x 1.2 inches
> * Shipping Weight: 1.4 pounds. (View shipping rates and policies
>
<http://www.amazon.com/gp/help/seller/shipping.html/102-9368382-6892922?%5Fe
ncoding=UTF8&seller=ATVPDKIKX0DER>)
> * Average Customer Review: based on 1 review. (Write a review
>
<http://www.amazon.com/gp/customer-reviews/write-a-review.html/102-9368382-6
892922?%5Fencoding=UTF8&asin=0465043550&store=books>)
> * Amazon.com Sales Rank (Books): 387
> (Publishers and authors: improve your sales
>
<http://www.amazon.com/gp/associates/improve-your-sales/home.html/102-936838
2-6892922>)
>
> ------------------------------------------------------------------------
>
>
http://www.amazon.com/exec/obidos/tg/detail/-/0465043550/102-9368382-6892922
?v=glance
> Respectfully, Roger L. Bagula
>
> tftn@earthlink.net, 11759Waterhill Road, Lakeside,Ca 92040-2905,tel:
619-5610814 :
> URL : http://home.earthlink.net/~tftn
> URL : http://victorian.fortunecity.com/carmelita/435/
>
>
>
>

Relevant Pages

  • Re: Amazon.com: The Misbehavior of Markets
    ... > Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale ... > He is the inventor of fractal geometry, whose most famous example, the ... This is his first book for lay readers on finance, ...
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  • Re: Amazon.com: The Misbehavior of Markets
    ... > Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale ... > He is the inventor of fractal geometry, whose most famous example, the ... This is his first book for lay readers on finance, ...
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