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The techniques I developed for studying turbulence, like weather, also apply to the stock market

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
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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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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.
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A formula can be very simple, and create a universe of bottomless complexity.
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There are very complex shapes which would be the same from close by and far away.
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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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There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable
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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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Asking the right questions is as important as answering them
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The most important thing I have done is to combine something esoteric with a practical issue that affects many people.
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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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I didn't want to become a pure mathematician, as a matter of fact, my uncle was one, so I knew what the pure mathematician was and I did not want to be a pure - I wanted to do something different.
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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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One couldn't even measure roughness. So, by luck, and by reward for persistence, I did found the theory of roughness, which certainly I didn't expect and expecting to found one would have been pure madness.
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Engineering is too important to wait for science.
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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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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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There is a saying that every nice piece of work needs the right person in the right place at the right time.
Benoit Mandelbrot
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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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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
Benoit Mandelbrot