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Louis Bachelier Quotes

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Louis Bachelier Quotes: "The mathematical expectation of the speculator is zero."

The mathematical expectation of the speculator is zero.


Louis Bachelier

Louis Bachelier Quotes: "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."

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.


Louis Bachelier