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When the weather changes and hurricanes hit, nobody believes that the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed. It's the same stock market with the same mechanisms and the same people.

Benoit Mandelbrot

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Benoit Mandelbrot
Age: 85 †
Born: 1924
Born: November 20
Died: 2010
Died: October 14
Computer Scientist
Economist
Engineer
Mathematician
Professor
Scientist
Writer
Warszawa
Mandelbrot
B. B.‏
Benoît Mandelbrot
Benoit B. Mandelbrot
Nobody
Stock
Terrible
Believes
Goes
Physics
Changed
Weather
Law
Market
Believe
Rules
Mechanisms
People
Changes
Similarly
Laws
Hurricanes

More quotes by Benoit Mandelbrot

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There are very complex shapes which would be the same from close by and far away.
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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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My fate has been that what I undertook was fully understood only after the fact.
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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.
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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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A fractal is a way of seeing infinity.
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Engineering is too important to wait for science.
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Some mathematicians didn't even perceive of the possibility of a picture being helpful. To the contrary, I went into an orgy of looking at pictures by the hundreds the machines became a little bit better.
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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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Regular geometry, the geometry of Euclid, is concerned with shapes which are smooth, except perhaps for corners and lines, special lines which are singularities, but some shapes in nature are so complicated that they are equally complicated at the big scale and come closer and closer and they don't become any less complicated.
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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 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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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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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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There is a saying that every nice piece of work needs the right person in the right place at the right time.
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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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A cloud is made of billows upon billows upon billows that look like clouds. As you come closer to a cloud you don't get something smooth, but irregularities at a smaller scale.
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The extraordinary fact is that the first idea I had which motivated me, that worked, is conjecture, a mathematical idea which may or may not be true. And that idea is still unproven. It is the foundation, what started me and what everybody failed to **** prove has so far defeated the greatest efforts by experts to be proven.
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The Mandelbrot set is the most complex mathematical object known to mankind.
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Smooth shapes are very rare in the wild but extremely important in the ivory tower and the factory.
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