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Some problems remain unsolved for long periods. When they are solved it's because they're seen from a novel perspective or approached in an unconventional manner. - Richard M. A. Urbach
The ability to predict and profit from the movements of the financial markets is a long sought-after goal. But if price action is considered to be the product of a random walk only unpredictable news can affect prices, and it is therefore impossible to accurately predict market movement. This line of thought has prompted the growth in passive investing and tracker funds. Richard Urbach counters this thinking by applying a new set of mathematical techniques to the financial markets, arguing that it is possible to accurately analyze the time series (or 'footprints') of chaotic real systems, map their underlying patterns, and predict future trends. Footprints of Chaos in the Markets is the first book to examine the opportunities presented by this new thinking, and is aimed directly at the investment analysts who can benefit from it.
Summary
"Some problems remain unsolved for long periods. When they are solved it's because they're seen from a novel perspective or approached in an unconventional manner." - Richard M. A. Urbach
The ability to predict and profit from the movements of the financial markets is a long sought-after goal. But if price action is considered to be the product of a random walk only unpredictable news can affect prices, and it is therefore impossible to accurately predict market movement. This line of thought has prompted the growth in passive investing and tracker funds. Richard Urbach counters this thinking by applying a new set of mathematical techniques to the financial markets, arguing that it is possible to accurately analyze the time series (or 'footprints') of chaotic real systems, map their underlying patterns, and predict future trends. Footprints of Chaos in the Markets is the first book to examine the opportunities presented by this new thinking, and is aimed directly at the investment analysts who can benefit from it.
