Last week, Benoit Mandelbrot died at the age of 85. The “father of fractal geometry,” Mandelbrot’s knack for patterns also allowed him to comment more broadly on economics and the social sciences. Turbulence, fluid dynamics, network effects, and the like are all within the domain of his research. One of his disciples, Nassim Nicholas Taleb, author of “The Black Swan,” is shown in this video from 2008, along with Mandelbrot himself, talking about the recent financial crisis and why we may still be diving through the fractals.
Rest in peace, Benoit Mandelbrot.
Discussion
2 Thoughts on "Mandelbrot and Taleb on the Financial Crisis"
It’s sad, he was still chasing fame up until his old age. Despite all the recognition, he sounded like he wanted more, never was as famous as he was due.