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I read it, and generally understood his point that 'modern portfolio theory'
is lacking, but while telling the reader that he believes that it is indeed
possible to anticipate huge spikes in profit or loss using his methods, he
doesn't seem to say _how_ to do this. I assume he would suggest using some
sort of pattern recognition software to identify a 'generator' and then use
his math to figure out possible future moves (multifractals) based on this?
I'm not sure if I got this right, so if anyone else has a clearer picture of
what he was getting at, I'd love to hear it, cuz I was left pretty confused
as to how to apply what he talks about.
Peter
-----Original Message-----
From: Gaius Marius <magnus@xxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Thursday, February 04, 1999 12:51 PM
Subject: Mandelbrot's article in Scientific American
>Anyone care to discuss Benoit Mandelbrot's article in Scientific American,
>"A Multifractal Walk down Wall St." ? Anyone read it? If you did, have you
>found anything of value you'd care to discuss or disclose? ;-)
>
>
>--------------------------------------------------
>fuggedaboudit - real men use Linux.
>
>
>
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