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. Benoit Mandelbrot More Quotes by Benoit Mandelbrot More Quotes From Benoit Mandelbrot There's nothing really connecting the behavior of the Nile, metallurgy, and the behavior of prices except that I had the mathematical tools to explain them. Benoit Mandelbrot explain nothing behavior tools When I first began studying prices, it wasn't a topic that mathematicians were working on. Purely by accident, I saw a set of data on price changes presented in a lecture and realized they behaved similarly to the geometric models I was already studying. Benoit Mandelbrot studying price changes data Most economists, when modeling market behavior, tend to sweep major fluctuations under the rug and assume they are anomalies. What I have found is that major rises and falls in prices are actually inevitable. Benoit Mandelbrot economists modeling behavior found Where do I really belong? I avoid saying everywhere - which switches all too easily to nowhere. Instead, when pressed, I call myself a fractalist. Benoit Mandelbrot belong avoid saying myself Father was bold, and Mother was cautious. They never shouted at each other but argued constantly about strategy, and they taught me very early that before taking big risks, one must carefully figure the odds. Benoit Mandelbrot risks me mother father Both parents worshiped individual achievement, but because of the Depression and the war, they never achieved what they wanted and deserved. So their ambition and high expectations were transferred to me. Benoit Mandelbrot me achievement depression war
