There is a problem that is specific to financial markets. In most fields of research, when someone makes an important finding, they publish it. In the case of prices, they set up a firm and sell advice about their discovery. If they can make money from it, they will. So the research into market dynamics is a closed field. (Benoît Mandelbrot)

There is a problem that is specific to financial markets. In most fields of research, when someone makes an important finding, they publish it. In the case of prices, they set up a firm and sell advice about their discovery. If they can make money from it, they will. So the research into market dynamics is a closed field.

Benoît Mandelbrot

Related topics

advice case dynamics field market money problem research sell set specific someone Fields

Related quotes

Let all partake of the feast of faith. Let all receive the riches of goodness. Let no one lament their poverty, for the universal kingdom has been revealed. Let no one mourn their transgressions, for pardon has dawned from the grave. Let no one fear death, for the Saviour's death has set us free. View quote
John Chrysostom
Throughout the day, try to remember God more often. If you feel bad, turn to Him: "Lord, I feel bad, help me." If you feel good: "Lord, glory to You, thank You for this joy." If you are worried about someone: "Lord, I am worried about him, help him." Whatever happens, turn it into prayer. View quote
Ambrose of Optina
You wish, or rather, have decided, to remove a splinter from someone? Very well, but do not go after it with a stick instead of a lancet for you will only drive it deeper. Rough speech and harsh gestures are the stick, while even-tempered instruction and patient reprimand are the lancet. 'Reprove, rebuke, exhort,' says the Apostle (II Tim. 4:2), not 'batter'. View quote
John Climacus
Everything that I've gone through since the end of 2010, from me finding out about my financial adviser stealing, mismanaging my money - that affected everything, from child support, mortgages, to me having to sell my properties, me being in and out of court trying to modify my child support. It's a lot to deal with at one time. View quote
Terrell Owens
Therefore, general systems theory should be, methodologically, an important means of controlling and instigating the transfer of principles from one field to another, and it will no longer be necessary to duplicate or triplicate the discovery of the same principles in different fields isolated from the other. View quote
Ludwig von Bertalanffy