---
date: '2025-09-08'
description: and the bull market
id: quantitative finance
modified: 2026-06-05 15:08:06 GMT-04:00
tags:
  - seed
title: quantitative finance
created: '2025-09-08'
published: '2025-09-08'
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slug: thoughts/quantitative-finance
permalink: https://aarnphm.xyz/thoughts/quantitative-finance.md
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---
## history

- Louis Bachelier (1900), _Théorie de la Spéculation_, modeling mathematical model of [[thoughts/Brownian motion]] for valuing stock options.
- Paul Samuelson formalized concepts following a stochastic process (geometric Brownian motion)
  - establish _efficient market hypothesis_