The techniques I developed for studying turbulence, like weather, also apply to the stock market
BENOIT MANDELBROTEngineering is too important to wait for science.
More Benoit Mandelbrot Quotes
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Self-similarity is a dull subject because you are used to very familiar shapes. But that is not the case. Now many shapes which are self-similar again, the same seen from close by and far away, and which are far from being straight or plane or solid.
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I spent half my life, roughly speaking, doing the study of nature in many aspects and half of my life studying completely artificial shapes. And the two are extraordinarily close; in one way both are fractal.
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I’ve been a professor of mathematics at Harvard and at Yale. At Yale for a long time. But I’m not a mathematician only. I’m a professor of physics, of economics, a long list. Each element of this list is normal. The combination of these elements is very rare at best.
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Now that I near 80, I realize with wistful pleasure that on many occasions I was 10, 20, 40, even 50 years ahead of my time.
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The theory of chaos and theory of fractals are separate, but have very strong intersections. That is one part of chaos theory is geometrically expressed by fractal shapes.
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Beautiful, damn hard, increasingly useful. That’s fractals.
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My fate has been that what I undertook was fully understood only after the fact.
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Engineering is too important to wait for science.
BENOIT MANDELBROT -
In mathematics and science definition are simple, but bare-bones. Until you get to a problem which you understand it takes hundreds and hundreds of pages and years and years of learning.
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I conceived and developed a new geometry of nature and implemented its use in a number of diverse fields. It describes many of the irregular and fragmented patterns around us, and leads to full-fledged theories, by identifying a family of shapes I call fractals.
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I spent my time very nicely in many ways, but not fully satisfactory. Then I became Professor in France, but realized that I was not – for the job that I should spend my life in.
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Unfortunately, the world has not been designed for the convenience of mathematicians.
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There are very complex shapes which would be the same from close by and far away.
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An extraordinary amount of arrogance is present in any claim of having been the first in inventing something.
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I had many books and I had dreams of all kinds. Dreams in which were in a certain sense, how to say, easy to make because the near future was always extremely threatening.
BENOIT MANDELBROT






