Benoit Mandelbrot

I’ve been a professor of mathematics at Harvard and at Yale. At Yale for a long time. But I’m not a mathematician only. I’m a professor of physics, of economics, a long list. Each element of this list is normal. The combination of these elements is very rare at best.

“I’ve been a professor of mathematics at Harvard and at Yale. At Yale for a long time. But I’m not a mathematician only. I’m a … Read More

Round about the accredited and orderly facts of every science there ever floats a sort of dustcloud of exceptional observations, of occurrences minute and irregular and seldom met with, which it always proves more easy to ignore than to attend to.

“Round about the accredited and orderly facts of every science there ever floats a sort of dustcloud of exceptional observations, of occurrences minute and irregular … Read More

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.

“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 … Read More

The extraordinary fact is that the first idea I had which motivated me, that worked, is conjecture, a mathematical idea which may or may not be true. And that idea is still unproven. It is the foundation, what started me and what everybody failed to **** prove has so far defeated the greatest efforts by experts to be proven.

“The extraordinary fact is that the first idea I had which motivated me, that worked, is conjecture, a mathematical idea which may or may not … Read More