When the weather changes, nobody believes the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed.
More Quotes from Benoit Mandelbrot:
An extraordinary amount of arrogance is present in any claim of having been the first in inventing something.Benoit Mandelbrot
There is a joke that your hammer will always find nails to hit. I find that perfectly acceptable.
Benoit Mandelbrot
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.
Benoit Mandelbrot
My fate has been that what I undertook was fully understood only after the fact.
Benoit Mandelbrot
Order doesn't come by itself.
Benoit Mandelbrot
The techniques I developed for studying turbulence, like weather, also apply to the stock market.
Benoit Mandelbrot
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Based on Topics: Change Quotes, Law & Regulation Quotes, Physics Quotes, Weather QuotesBased on Keywords: gyrations
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