The techniques I developed for studying turbulence, like weather, also apply to the stock market.
- Benoit Mandelbrot
Stock Market, Market, Like, Turbulence
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
Changes, Goes, Laws, Similarly
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.
- Benoit Mandelbrot
News, Big, Always, Fills
An extraordinary amount of arrogance is present in any claim of having been the first in inventing something.
- Benoit Mandelbrot
Extraordinary, Been, Amount, Claim
My fate has been that what I undertook was fully understood only after the fact.
- Benoit Mandelbrot
Fate, Fact, Been, Understood
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.
- Benoit Mandelbrot
Beginning, Rest, Last, Mathematicians
There is a saying that every nice piece of work needs the right person in the right place at the right time.
- Benoit Mandelbrot
Work, Right Place, Needs, Right Time
I was in an industrial laboratory because academia found me unsuitable.
- Benoit Mandelbrot
Found, Industrial, Academia
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.
- Benoit Mandelbrot
Like, Made, Smaller, Smooth
Smooth shapes are very rare in the wild but extremely important in the ivory tower and the factory.
- Benoit Mandelbrot
Important, Very, Factory, Smooth
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.
- Benoit Mandelbrot
Pleasure, Ahead, Many, Near
There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable.
- Benoit Mandelbrot
Always, Hit, Acceptable, Joke
Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics.
- Benoit Mandelbrot
Color, Think, Physics, Topic
Nobody will deny that there is at least some roughness everywhere.
- Benoit Mandelbrot
Will, Some, Deny, Everywhere
For much of my life there was no place where the things I wanted to investigate were of interest to anyone.
- Benoit Mandelbrot
Life, My Life, Wanted, Investigate
Until a few years ago, the topics in my Ph.D. were unfashionable, but they are very popular today.
- Benoit Mandelbrot
Years, Very, Years Ago, Topics
I don't seek power and do not run around.
- Benoit Mandelbrot
Power, Run, Around, Seek
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