Louis Bachelier, a French mathematician born on March 11, 1870, and died on April 28, 1946, made significant contributions to the fields of probability theory and financial mathematics. He is considered one of the founders of modern financial mathematics.
Related Quotes
“The mathematical expectation of the speculator is zero.”
Source: Louis Bachelier's Theory of Speculation: The Origins of Modern Finance
“There is no useful information contained in historical price movements of securities.”