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And after that, read Mandelbrot's "Misbehavior of Markets" to understand the limitations of the random walk model.
by osipov 16y ago
And after that, read Mandelbrot's "Misbehavior of Markets" to understand the limitations of the random walk model.
- deleted 16y ago[deleted]
- frognibble 16y agoWhat are the limitations described by Mandelbrot? Does Mandelbrot show that active investing produces better returns than passive investing?