The techniques I developed for studying turbulence, like weather, also apply to the stock market
BENOIT MANDELBROTFor much of my life there was no place where the things I wanted to investigate were of interest to anyone.
More Benoit Mandelbrot Quotes
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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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There are very complex shapes which would be the same from close by and far away.
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I had very, very little training in taking an exam to determine a scientist’s life in France.
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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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Think not of what you see, but what it took to produce what you see.
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If one takes the kinds of risks which I took, which are colossal, but taking risks, I was rewarded by being able to contribute in a very substantial fashion to a variety of fields. I was able to reawaken and solve some very old problems.
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In fact, I barely missed being number one in France in both schools. In particular I did very well in mathematical problems.
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I don’t seek power and do not run around
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Bottomless wonders spring from simple rules, which are repeated without end.
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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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Although computer memory is no longer expensive, there’s always a finite size buffer somewhere. When a big piece of news arrives, everybody sends a message to everybody else, and the buffer fills
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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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The theory of probability is the only mathematical tool available to help map the unknown and the uncontrollable. It is fortunate that this tool, while tricky, is extraordinarily powerful and convenient.
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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 didn’t feel comfortable at first with pure mathematics, or as a professor of pure mathematics. I wanted to do a little bit of everything and explore the world.
BENOIT MANDELBROT