The Moon Is Not Random Error

By |2016-05-18T12:46:21-04:00May 18th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

On March 29, 1900, Louis Bachelier successfully defended his doctoral thesis at the University of Paris. It was breathtakingly innovative and complex, so much so that it would take decades for his ideas to be fully understood let alone adopted. This was the case even though his thesis advisor was none other than famed physicist Henri Poincairé and that he [...]