“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...”
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Author detail
Benoît B. Mandelbrot was a Polish-born French-American mathematician and polymath with broad interests in the practical sciences, especially regarding what he labeled as "the art of roughness" of physical phenomena and "the uncontrolled element in life". He referred to himself as a "fractalist" and is recognized for his contribution to the field of fractal geometry, which included coining the word "fractal", as well as developing a theory of "roughness and self-similarity" in nature. *--Wikipedia* *Photo Attribution:* Rama, CC BY-SA 2.0 FR <https://creativecommons.org/licenses/by-sa/2.0/fr/deed.en>, via Wikimedia Commons
Quotes
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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...”
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“An exquisitely complex shape now known as the Mandlebrot set has been called the most complex object in mathematics.”
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“There's nothing really connecting the behavior of the Nile, metallurgy, and the behavior of prices except that I had the mathematical tools to explain them.”
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“The techniques I developed for studying turbulence, like weather, also apply to the stock market.”
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“I was in an industrial laboratory because academia found me unsuitable.”
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