When 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 MandelbrotRound 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 MandelbrotThere is a joke that your hammer will always find nails to hit. I find that perfectly acceptable
Benoit MandelbrotSmooth shapes are very rare in the wild but extremely important in the ivory tower and the factory.
Benoit Mandelbrot