Value Investing World

Monday, October 18, 2010

Father of fractals Mandelbrot dies at 85

Also embedded in the article is a short interview with Mandelbrot entitled “why ‘efficient markets’ collapse.”

Benoît Mandelbrot, one of the most original and influential mathematicians of the 20th century, has died of pancreatic cancer at the age of 85. He was the father of fractal geometry – finding underlying patterns in roughness and irregularity – and was a key figure in the broader field of chaos theory.

Mandelbrot had enormously wide interests. Over a 60-year career, working first in France and then the US, he applied his findings to physics, biology and economics, publishing devastating critiques of modern mathematical finance.

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Related previous post: TED Talk - Benoit Mandelbrot: Fractals and the art of roughness

Related book: The Misbehavior of Markets: A Fractal View of Risk, Ruin & Reward

Related link: FOFOA blog post with fractal videos

Joe at 10/18/2010
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