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Consider that the Brownian model of financial markets was discovered by Bachelier in 1900, five years before Einstein, and the pace of financial innovation in t
by applecore 11y ago
Consider that the Brownian model of financial markets was discovered by Bachelier in 1900, five years before Einstein, and the pace of financial innovation in the intervening century, and you have your answer for why finance is complex.
[1]: https://en.wikipedia.org/wiki/Louis_Bachelier https://en.wikipedia.org/wiki/Louis_Bachelier
- aet 11y agoThe only good innovation in the intervening century was the ATM..