Why We Need To Start Investing In Resilience
6 min readMay 9, 2020
In 1964, as the financial revolution was gathering steam, an MIT economist named Paul Cootner published a collection of essays called The Random Character of Stock Market Prices. Based largely on an obscure dissertation by a forgotten frenchman, it laid the foundations for a new era of financial engineering.
Yet among the papers included was one that told quite a different story…
