The geometry of Mandelbrot The founding father of fractal theory warns that another Great Crash is a real threat

The Sunday Telegraph London | October 17, 2004| | Copyright

Preposterous though it seems, there is something of the lone gunslinger about Benoit Mandelbrot. He is Sterling Professor of Mathematical Sciences at Yale University. And, yes, he is turning 80 next month. But if ever a man fixed the establishment in the eye and shot from the hip, it is Mandelbrot.

Next week is the 75th anniversary of the Wall Street Crash of 1929 - now consider this extract from the book Mandelbrot is publishing next month: "The financiers and investors of the world are, at the moment, like mariners who heed no weather warnings."

No, no, no. Surely it couldn't happen again? ...

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