“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.”
Quote by Louis Bachelier
Author
Louis Bachelier
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. more
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