Fractal geometry is not just a chapter of mathematics, but one that helps Everyman to see the same world differently. - Benoit Mandelbrot

A fractal is by definition a set for which the Hausdorff-Besicovitch dimension strictly exceeds the topological dimension.

But the financial industry is supremely pragmatic. While it may genuflect to the old icons, it invests its research dollars in the search for newer, better gods.

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.