The theory of probability is the only mathematical tool available to help map the unknown and the uncontrollable. It is fortunate that this tool, while tricky, is extraordinarily powerful and convenient.
Benoit MandelbrotScience would be ruined if (like sports) it were to put competition above everything else, and if it were to clarify the rules of competition by withdrawing entirely into narrowly defined specialties. The rare scholars who are nomads-by-choice are essential to the intellectual welfare of the settled disciplines.
Benoit MandelbrotAn extraordinary amount of arrogance is present in any claim of having been the first in inventing something.
Benoit MandelbrotIt was a very big gamble. I lost my job in France, I received a job in which was extremely uncertain, how long would IBM be interested in research, but the gamble was taken and very shortly afterwards, I had this extraordinary fortune of stopping at Harvard to do a lecture and learning about the price variation in just the right way.
Benoit Mandelbrot