---
title: "3 Louis Bachelier Quotes"
description: "Louis Jean-Baptiste Alphonse Bachelier was a French mathematician at the turn of the 20th century. He is credited with being the first person to model t..."
image: "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b050/author-louis-bachelier-74249.jpg"
---

![Portrait of Louis Bachelier](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b050/author-louis-bachelier-74249.jpg)

# Louis Bachelier

 **3** quotes in **16** categories

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Louis Jean-Baptiste Alphonse Bachelier was a French mathematician at the turn of the 20th century. He is credited with being the first person to model the stochastic process now called Brownian motion, as part of his doctoral thesis The Theory of Speculation.

##  Quotes by Louis Bachelier

> [Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote…](https://sms4smile.com/quotes/louis-bachelier/clearly-the-price-considered-most-likely-by-the-market-is-the-true/)

[Louis Bachelier](https://sms4smile.com/quotes/author/louis-bachelier/)

[Currents](https://sms4smile.com/quotes/about/currents/)

[Image](https://sms4smile.com/quotes/i/2d8/louis-bachelier-74249_currents_clearly-the-price-considered-most-likely_343573.jpg)

> [There is no useful information contained in historical price movements of securities.](https://sms4smile.com/quotes/louis-bachelier/there-is-no-useful-information-contained-in-historical-price/)

[Louis Bachelier](https://sms4smile.com/quotes/author/louis-bachelier/)

[Customer](https://sms4smile.com/quotes/about/customer/)

[Image](https://sms4smile.com/quotes/i/ecd/louis-bachelier-74249_customer_there-is-no-useful-information-contained_2124697.png)

> [The mathematical expectation of the speculator is zero.](https://sms4smile.com/quotes/louis-bachelier/the-mathematical-expectation-of-the-speculator-is-zero/)

[Louis Bachelier](https://sms4smile.com/quotes/author/louis-bachelier/)

[Expectations](https://sms4smile.com/quotes/about/expectations/)

[Image](https://sms4smile.com/quotes/i/531/louis-bachelier-74249_expectations_the-mathematical-expectation-of-the-spec_2333436.png)

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