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Louis Bachelier

Louis Bachelier Books

Mathematician

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.

Louis Bachelier's Theory of Speculation...

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“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.”

Ifs Higher Currents Judged

Author:Louis Bachelier

“The mathematical expectation of the speculator is zero.”

Expectations Mathematical Zero Speculators

Book:Louis Bachelier's Theory of Speculation: The Origins of Modern Finance

Source: Louis Bachelier's Theory of Speculation: The Origins of Modern Finance

“There is no useful information contained in historical price movements of securities.”

Security Information Movement Historical Useful Information

Author:Louis Bachelier

About the Author

Born: March 11, 1870
Died: April 28, 1946
Known for: Mathematician
Quotes: 3

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