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Mandelbrot Suggests A Hunt For Financial Patterns
Phoe6 writes "Wired is carrying an Open Letter of Benoît Mandelbrot, the father of the fractal, to the wizards of Wall Street, calling on them to recognize a pattern in the finantial and economic trends in the world. Mandelbrot says, If we can map the human genome, why can't we map how a man loses his livelihood? If millions can contribute a few cycles of their PCs to the search for a signal from outer space, why can't they join a coordinated search for patterns in financial markets?" I'd like to see a debate between Mandelbrot and Friedrich Hayek.
Considering that Hayek has been dead for over 10 years, I think that debate would definitely be worth seeing.
Mandelbrot watches Pi, has idea...
8:14 read slashdot /. is the language of nerds.
8:15 restate my assumptions:
1.
2. Everything around us can be represented and understood through discussion threads and trolls.
3. If you graph these numbers, karma emerges.
Therefore: There are karma whores everywhere in nature.
8:17 Press Submit
It'll make you go crazy.
"And what if we DID map it?"
Well, it'd probably make a really good screensaver...
If we can map the human genome, why can't we map a man's livelihood? If millions can contribute a few cycles of their PCs to the search for a signal from outer space, why can't they join in a coordinated simulation of Friedrich Hayek?
However while most people agree that past performance is indicative of the future nothing can predict what is going to happen.
If most people agree to that, then how come almost every prospectus contains the boilerplate "Past performance is not indicative of future results"?
www.timcoleman.com is a total waste of your time. Never go there.