Most were beginning to feel they had learned enough to last for the rest of their lives. They remained mathematicians, but largely went their own way. Benoit Mandelbrot Read Quote
There is a saying that every nice piece of work needs the right person in the right place at the right time. Benoit Mandelbrot Read Quote
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. Benoit Mandelbrot Read Quote
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. Benoit Mandelbrot Read Quote
When I first began studying prices, it wasn’t a topic that mathematicians were working on. Purely by accident, I saw a set of data on price changes presented in a lecture and realized they behaved similarly to the geometric models I was already studying. Benoit Mandelbrot Read Quote
There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable. Benoit Mandelbrot Read Quote
Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics. Benoit Mandelbrot Read Quote
The techniques I developed for studying turbulence, like weather, also apply to the stock market. Benoit Mandelbrot Read Quote