The techniques I developed for studying turbulence, like weather, also apply to the stock market
BENOIT MANDELBROTHumanity has known for a long time what fractals are. It is a very strange situation in which an idea which each time I look at all documents have deeper and deeper roots, never (how to say it), jelled.
More Benoit Mandelbrot Quotes
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A fractal is a way of seeing infinity.
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Humanity has known for a long time what fractals are. It is a very strange situation in which an idea which each time I look at all documents have deeper and deeper roots, never (how to say it), jelled.
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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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Both chaos theory and fractal have had contacts in the past when they are both impossible to develop and in a certain sense not ready to be developed.
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It was astonishing when at one point, I got the idea of how to make artifical clouds with a collaborator, we had pictures made which were theoretically completely artificial pictures based upon that one very simple idea. And this picture everybody views as being clouds.
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Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics
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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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If you look at a shape like a straight line, what’s remarkable is that if you look at a straight line from close by, from far away, it is the same; it is a straight line.
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The beauty of what I happened by extraordinary chance to put together is that nobody would have believed that this is possible, and certainly I didn’t expect that it was possible. I just moved from step to step to step.
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The rare scholars who are nomads-by-choice are essential to the intellectual welfare of the settled disciplines.
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Unfortunately, the world has not been designed for the convenience of mathematicians.
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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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If you assume continuity, you can open the well-stocked mathematical toolkit of continuous functions and differential equations, the saws and hammers of engineering and physics for the past two centuries (and the foreseeable future).
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Order doesn’t come by itself.
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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.
BENOIT MANDELBROT