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22 March 2021
9 min read

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“For most of my life, one of the persons most baffled by my own work was myself.” - Benoit Mandelbrot

Why aren't you baffled?

I'll presume that you don't like Professor Mandelbrot's work, or maybe you're just not familiar with it.

His work rejects the orthodoxy taught in finance, how markets work and therefore by extension, how policy making probably should be conducted.

My gripes in this brief letter are from the perspective of policies that simply are not working.

I'll ask again; why aren't you baffled?

I've seen first-hand the absolute pandemonium that is going on in housing.

This

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