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" My fate has been that what I undertook was fully understood only after the fact. "

Benoit Mandelbrot

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" 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. "

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

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" Until a few years ago, the topics in my Ph.D. were unfashionable, but they are very popular today. "

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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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" An extraordinary amount of arrogance is present in any claim of having been the first in inventing something. "

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" 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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" I don't seek power and do not run around. "

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" 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. "

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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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