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 MandelbrotI conceived and developed a new geometry of nature and implemented its use in a number of diverse fields. It describes many of the irregular and fragmented patterns around us, and leads to full-fledged theories, by identifying a family of shapes I call fractals.
Benoit MandelbrotI conceived, developed and applied in many areas a new geometry of nature, which finds order in chaotic shapes and processes. It grew without a name until 1975, when I coined a new word to denote it, fractal geometry, from the Latin word for irregular and broken up, fractus. Today you might say that, until fractal geometry became organized, my life had followed a fractal orbit.
Benoit MandelbrotOne of the high points of my life was when I suddenly realized that this dream I had in my late adolescence of combining pure mathematics, very pure mathematics with very hard things which had been long a nuisance to scientists and to engineers, that this combination was possible and I put together this new geometry of nature, the fractal geometry of nature.
Benoit Mandelbrot