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That’s all I have to say about it really. Mandelbrot was not wrong, in fact he was ahead of his time — but his research led in an unproductive direction. The fetishisation of his ideas that has cropped up in the last 10-15 years is weird and I attribute it mostly to people who
have read “fooled by randomness” or “the black swan” once and largely failed to understand them 
I feel like @EmanuelDerman would have a much better take on this than I do!
ok so its weird because i read all three of these books in 2007-2008 and my lasting influence was to change how i measure “time”. theta time, variance time, volume time etc (the latter not being viable post HFT)
maybe its because i am a dumb when it comes to fancy math (me no like greek letters, me like long descriptive variable names and code) but hey, books are what we get out of them in the long run.
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