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Posted on August 7, 2004. Filed under: Uncategorized |

Wired 12.08: VIEW: An open letter to the wizards of Wall Street from Beno�t Mandelbrot, father of the fractal: “A well-managed corporation devotes some portion of its research and development budget to basic research, in fields of science that underlie its main business. Isn’t understanding the market as important to the economy as understanding solid-state physics is to IBM? If we can map the human genome, why can’t we map how a man loses his livelihood? If millions can contribute a few cycles of their PCs to the search for a signal from outer space, why can’t they join a coordinated search for patterns in financial markets?”

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