Louis Bachelier quotes
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“The mathematical expectation of the speculator is zero.”
-- Louis BachelierSource : Louis Bachelier (2011). “Louis Bachelier's Theory of Speculation: The Origins of Modern Finance”, p.28, Princeton University Press
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“There is no useful information contained in historical price movements of securities.”
-- Louis Bachelier -
“Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote not this price, but another price higher or lower.”
-- Louis Bachelier
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Source : Source: www.npr.org
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Source : "Alex Steffen on Carbon-Zero Cities". Interview with Theresa Riley, billmoyers.com. March 19, 2013.
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Source : Alan Loy McGinnis (1985). “Bringing Out the Best in People: How to Enjoy Helping Others Excel”, p.28, Augsburg Books
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Source : Charles Sanders Peirce (1958). “Selected Writings (Values in a Universe of Chance)”, p.19, Courier Corporation
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