Top 3 Louis Bachelier Quotes (2024 Update)

Louis Bachelier Quote: “The mathematical expectation of the speculator is zero.”

1. “The mathematical expectation of the speculator is zero.”

Louis Bachelier Quote: “There is no useful information contained in historical price movements of securities.”

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

3. “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

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