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 MandelbrotWhen 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.
Benoit MandelbrotEverybody in mathematics had given up for 100 years or 200 years the idea that you could from pictures, from looking at pictures, find new ideas. That was the case long ago in the Middle Ages, in the Renaissance, in later periods, but then mathematicians had become very abstract.
Benoit MandelbrotOne couldn't even measure roughness. So, by luck, and by reward for persistence, I did found the theory of roughness, which certainly I didn't expect and expecting to found one would have been pure madness.
Benoit MandelbrotThe beauty of what I happened by extraordinary chance to put together is that nobody would have believed that this is possible, and certainly I didn't expect that it was possible. I just moved from step to step to step.
Benoit MandelbrotIf you look at coastlines, if you look at that them from far away, from an airplane, well, you don't see details, you see a certain complication. When you come closer, the complication becomes more local, but again continues. And come closer and closer and closer, the coastline becomes longer and longer and longer because it has more detail entering in.
Benoit Mandelbrot