People want to see patterns in the world. It is how we evolved. We descended from those primates who were best at spotting the telltale pattern of a … - Benoit Mandelbrot

"Why is geometry often described as ""cold" and ""dry?" One reason lies in its inability to describe the shape of a cloud, a mountain, a coastline, or a tree. Clouds are not spheres, mountains are not cones, coastlines are not circles, and bark is not smooth, nor does lightning travel in a straight line."

Britain for a long time had a reflection of its class structure which meant that people like, well, J. B. S. Haldane who was the nephew of Lord Haldane, or Bertrand Russell who became Lord Russell, could do what they pleased, and it's interesting to think that Bertrand Russell never had a job, he never had to compete for a job. Haldane had four or five different jobs in his life, totally different. He probably could have — if he had been bothered — have just abandoned his job and went on to live otherwise. … But this no longer exists. IBM no longer exists. I don't see a place now where somebody like myself who combined, let's say, unusual gifts and unusual tastes and, who everybody said has promise, was certainly a misfit of the worst kind could find a position at this point and I think that a tragedy.

Using his models, his computers look for moments when the short-term traders are moving opposite to the long-term investors-and then he bets that the imbalance will correct itself.