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Benoît Mandelbrot Quotes
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A cauliflower shows how an object can be made of many parts, each of which is like a whole, but smaller. Many plants are like that. 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.
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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
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I was in an industrial laboratory because academia found me unsuitable
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Smooth shapes are very rare in the wild but extremely important in the ivory tower and the factory, and besides were my love when I was a young man. Cauliflowers exemplify a second area of great simplicity, that of shapes which appear more or less the same as you look at them up close or from far away, as you zoom in and zoom out.
Before my work, those shapes had no use, hence no word was needed to denote them. My work created such a need and I coined "fractals."
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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.
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It is beyond belief that we know so little about how people get rich or poor, about how it is they come to dwell in comfort and health or die in penury and disease. Financial markets are the machines in which much of human welfare is decided; yet we know more about how our car engines work than about how our global financial system functions. We lurch from crisis to crisis. In a networked world, mayhem in one market spreads instantaneously to all others—and we have only the vaguest of notions how this happens, or how to regulate it. So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers.
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A branch of physics that I was working in for many years has lately become much less active. Many problems have been solved and others are so difficult that nobody knows what to do about them. This means that I do much less physics today than 15 years ago. By contrast, fractal tools have plenty to do. There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable. The hammer I crafted is the first effective tool for all kinds of roughness and nobody will deny that there is at last some roughness everywhere.
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Clouds are not spheres, mountains are not cones, coastlines are not circles, and bark is not smooth, nor does lightning travel in a straight line.
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There is a problem that is specific to financial markets. In most fields of research, when someone makes an important finding, they publish it. In the case of prices, they set up a firm and sell advice about their discovery. If they can make money from it, they will. So the research into market dynamics is a closed field.
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There is no single rule that governs the use of geometry. I don't think that one exists.
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For most of my life, one of the persons most baffled by my own work was myself.
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If you have a hammer, use it everywhere you can, but I do not claim that everything is fractal.
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Being a language, mathematics may be used not only to inform but also, among other things, to seduce.
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Unfortunately, the world has not been designed for the convenience of mathematicians.
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Fractal geometry is not just a chapter of mathematics, but one that helps Everyman to see the same world differently.
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I was asking questions which nobody else had asked before, because nobody else had actually looked at certain structures. Therefore, as I will tell, the advent of the computer, not as a computer but as a drawing machine, was for me a major event in my life. That's why I was motivated to participate in the birth of computer graphics, because for me computer graphics was a way of extending my hand, extending it and being able to draw things which my hand by itself, and the hands of nobody else before, would not have been able to represent.
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For many years I had been hearing the comment that fractals make beautiful pictures, but are pretty useless. I was irritated because important applications always take some time to be revealed. For fractals, it turned out that we didn't have to wait very long. In pure science, fads come and go. To influence basic big-budget industry takes longer, but hopefully also lasts longer.
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My life seemed to be a series of events and accidents. Yet when I look back I see a pattern.
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Most of the world is of great roughness and infinite complexity. However, the infinite sea of complexity includes two islands of simplicity: one of Euclidean simplicity and a second of relative simplicity in which roughness is present but is the same at all scales.
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A fractal is by definition a set for which the Hausdorff-Besicovitch dimension strictly exceeds the topological dimension.
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Contrary to popular opinion, mathematics is about simplifying life, not complicating it. A child learns a bag of candies can be shared fairly by counting them out: That is numeracy. She abstracts that notion to dividing a candy bar into equal pieces: arithmetic. Then, she learns how to calculate how much cocoa and sugar she will need to make enough chocolate for fifteen friends: algebra.
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The most important thing I have done is to combine something esoteric with a practical issue that affects many people. In this spirit, the stock market is one of the most attractive things imaginable. Stock-market data is abundant so I can check everything. Financial markets are very influential and I want to be part of this field now that it is maturing.
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I started looking in the trash cans of science... because I suspected that what I was observing was... perhaps very widespread. I attended lectures and looked in unfashionable periodicals... once in a while finding some interesting things. In a way it was a naturalist's approach, not a theoretician's approach. But my gamble paid off.
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If you assume continuity, you can open the well-stocked mathematical toolkit of continuous functions and differential equations, the saws and hammers of engineering and physics for the past two centuries (and the foreseeable future).
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I coined fractal from the Latin adjective fractus. The corresponding Latin verb frangere means "to break:" to create irregular fragments... how appropriate for our needs!
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I claim that many patterns of Nature are so irregular and fragmented, that, compared with Euclid — a term used in this work to denote all of standard geometry — Nature exhibits not simply a higher degree but an altogether different level of complexity … The existence of these patterns challenges us to study these forms that Euclid leaves aside as being "formless," to investigate the morphology of the "amorphous."
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When you seek some unspecified and hidden property, you don't want extraneous complexity to interfere. In order to achieve homogeneity, I decided to make the motion end where it had started. The resulting motion biting its own tail created a distinctive new shape I call Brownian cluster. … Today, after the fact, the boundary of Brownian motion might be billed as a "natural" concept. But yesterday this concept had not occurred to anyone. And even if it had been reached by pure thought, how could anyone have proceeded to the dimension 4/3? To bring this topic to life it was necessary for the Antaeus of Mathematics to be compelled to touch his Mother Earth, if only for one fleeting moment.
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Science 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 subtle disciplines
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A fractal is a mathematical set or concrete object that is irregular or fragmented at all scales...
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What motivates me now are ideas I developed 10, 20 or 30 years ago, and the feeling that these ideas may be lost if I don't push them a little bit further.
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Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Benoît Mandelbrot
Creative Commons
Born:
November 20, 1924
Died:
October 14, 2010
(aged 85)
Bio:
Benoit B. Mandelbrot was a Polish-born, French and American mathematician.
Known for:
The Fractal Geometry of Nature (1982)
Fractals: Form, Chance and Dimension (1977)
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