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All Quotes by author - Benoit Mandelbrot
" 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. "
" 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. "
" An extraordinary amount of arrogance is present in any claim of having been the first in inventing something. "
" For much of my life there was no place where the things I wanted to investigate were of interest to anyone. "
" I don't seek power and do not run around. "
" I was in an industrial laboratory because academia found me unsuitable. "
" 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. "
" My fate has been that what I undertook was fully understood only after the fact. "
" Nobody will deny that there is at least some roughness everywhere. "
" Now that I near 80, I realize with wistful pleasure that on many occasions I was 10, 20, 40, even 50 years ahead of my time. "
" Order doesn't come by itself. "
" Smooth shapes are very rare in the wild but extremely important in the ivory tower and the factory. "
" There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable. "
" There is a saying that every nice piece of work needs the right person in the right place at the right time. "
" The techniques I developed for studying turbulence, like weather, also apply to the stock market. "
" Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics. "
" Until a few years ago, the topics in my Ph.D. were unfashionable, but they are very popular today. "
" 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. "
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