Saturday, October 16, 2010

Benoît Mandelbrot Passes Away at 85

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.

Benoît Mandelbrot

French-American mathematician Benoît Mandelbrot passed away in Cambridge, MA. He became famous for his studies on fractal geometry (HT De Gustibus Non Est Disputandum).

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