Benoit Mandelbrot on the Efficient Market Hypothesis

Below, Jonathan Authers of the Financial Times interviews the eminent mathematician Benoit Mandelbrot¹. Sorry about this video automatically launching into play. I didn't see an embed feature so I cut and pasted the source code here. Update: Thanks to Alex Garcia, here's the embedded version, via YouTube:




¹I wonder if Dr. Mandelbrot knows that Jonathan Coulton made this song about him, Mandelbrot Set. Here are the lyrics to the chorus:

Take a point called Z in the complex plane
Let Z₁ be Z squared plus C
And Z₂ is Z₁ squared plus C
And Z₃ is Z₂ squared plus C and so on
If the series of Z’s should always stay
Close to Z and never trend away
That point is in the Mandelbrot Set