Do I claim that everything that is not smooth is fractal? That fractals suffice to solve every problem of science? Not in the least. What I'm asserti… - Benoit Mandelbrot

"In the end, he says, his goal is to make the financial system work better and more safely. If the real market worked liked FXTrade, costs would come down, liquidity would rise. "The world economy is like your body," he says. "Your heart pumps six liters of blood a minute, and so if you weigh eighty kilos it would take about fifteen minutes to pump your body's weight. By that analogy, the world foreign exchange markets should be transacting $40 trillion every ten minutes. Today we do $1 trillion or so in twenty-four hours. My claim is the global economy is close to a heart attack.

"They found they could have made a tidy paper profit in the following six-month period, on average, 12.01 percent a year above what a simple, market-following index fund would have earned them. But beyond six months, the picture changed: After two years, their paper profits vanished as the stock prices "corrected" themselves."

One of my conjectures was solved in six months, a second in five years, a third in ten. But the basic conjecture, despite heroic efforts rewarded by two Fields Medals, remains a conjecture, now called MLC: the Mandelbrot Set is locally connected. The notion that these conjectures might have been reached by pure thought — with no picture — is simply inconceivable.