If you like finance…but really, really like finance and want to understand it, you cannot avoid Mandelbrot.

The importance of power-law distributions to explain the market movements is something you need to at least be aware of.

Enjoy this 10 minutes interview with the FT!

ps: The power-law is also used in one of the best books about strategy I read lately “Strategy Beyond the Hockey Stick”, look at my review in a previous post.