Mathematician Benoit Mandelbrot died in Cambridge, Mass on Thursday, the day I finished rereading his book The Misbehavior of Markets: A Fractal View of Financial Turbulence.

It’s a damn good book, and the work he began in studying cotton prices back in 1961 has led to valuable insights – if not yet well-applied insights.

He saw simplicity where others just saw noise, and to me that is the true sign of genius.
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