Saturday, October 16, 2010

Benoit Mandelbrot - The non-economist

Benoit Mandelbrot was the first guy who told that the models of Wall Street, which are based on the assumption of Normal Distribution of returns, are fundamentally wrong and would one day lead of collapse. He is the archetypal Ayn Rand Hero. He has passed away on October 10, 2010. This is a tribute (link from wired)

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