“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.”
Quote by Benoit Mandelbrot
Author
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“Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics”
“The techniques I developed for studying turbulence, like weather, also apply to the stock market”
“There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable”
“Nobody will deny that there is at least some roughness everywhere”
“I was in an industrial laboratory because academia found me unsuitable”
Source: The Fractalist: Memoir of a Scientific Maverick
“A formula can be very simple, and create a universe of bottomless complexity.”
