The techniques I developed for studying turbulence, like weather, also apply to the stock market
BENOIT MANDELBROTClouds are not spheres, mountains are not cones, coastlines are not circles, and bark is not smooth, nor does lightning travel in a straight line.
More Benoit Mandelbrot Quotes
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Engineering is too important to wait for science.
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When people ask me what’s my field? I say, on one hand, a fractalist. Perhaps the only one, the only full-time one.
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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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Being a language, mathematics may be used not only to inform but also, among other things, to seduce.
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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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An extraordinary amount of arrogance is present in any claim of having been the first in inventing something.
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Why is geometry often described as cold and dry? One reason lies in its inability to describe the shape of a cloud, a mountain, a coastline or a tree.
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I was in an industrial laboratory because academia found me unsuitable
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Pictures were completely eliminated from mathematics; in particular when I was young this happened in a very strong fashion.
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I went to the computer and tried to experiment. I introduced a very high level of experiment in very pure mathematics.
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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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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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Nobody will deny that there is at least some roughness everywhere
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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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Beautiful, damn hard, increasingly useful. That’s fractals.
BENOIT MANDELBROT