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

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

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

For much of my life there was no place where the things I wanted to investigate were of interest to anyone.
Benoit Mandelbrot

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

I was in an industrial laboratory because academia found me unsuitable.
Benoit Mandelbrot

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

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

Nobody will deny that there is at least some roughness everywhere.
Benoit Mandelbrot

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

Order doesn't come by itself.
Benoit Mandelbrot

Smooth shapes are very rare in the wild but extremely important in the ivory tower and the factory.
Benoit Mandelbrot

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

There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable.
Benoit Mandelbrot

There is a saying that every nice piece of work needs the right person in the right place at the right time.
Benoit Mandelbrot

Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics.
Benoit Mandelbrot

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

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