When the weather changes, nobody believes the laws of physics have changed. Similarly, I don’t believe that when the stock market goes into terrible gyrations its rules have changed. Benoit Mandelbrot Read Quote
Most economists, when modeling market behavior, tend to sweep major fluctuations under the rug and assume they are anomalies. What I have found is that major rises and falls in prices are actually inevitable. Benoit Mandelbrot Read Quote
My fate has been that what I undertook was fully understood only after the fact. Benoit Mandelbrot Read Quote
For much of my life there was no place where the things I wanted to investigate were of interest to anyone. Benoit Mandelbrot Read Quote
Smooth shapes are very rare in the wild but extremely important in the ivory tower and the factory. Benoit Mandelbrot Read Quote
