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 penu… - Benoit Mandelbrot

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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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About Benoit Mandelbrot

Benoît B. Mandelbrot (20 November 1924 – 14 October 2010) was a Poland-born French-American mathematician known as the "father of fractal geometry".

Biography information from Wikiquote

Also Known As

Alternative Names: Mandelbrot, B. B.‏ Benoît Mandelbrot Benoit B. Mandelbrot Benoît B. Mandelbrot
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Regardless, one cannot help but marvel that the movement of security prices, the motion of molecules, and the diffusion of heat could all be of the same mathematical species. As will be seen, it is one of many such strange liaisons in nature.

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