Benoît Mandelbrot, The (Mis)Behavior of Markets (2004, 2008), Ch. 13, p. 254–255.
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So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers.
— Benoît Mandelbrot on Banking
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers." in the context of "Benoît Mandelbrot, The (Mis)Behavior of Markets (2004, 2008), Ch. 13, p. 254–255." to mean that wisdom is timeless.
Source: Wikiquote: "Banking" (Quotes)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Benoît Mandelbrot
Benoît B. Mandelbrot (20 November 1924 – 14 October 2010) was a Poland-born French-American mathematician known as the "father of fractal geometry".
About Benoît Mandelbrot
Benoît B. Mandelbrot (20 November 1924 – 14 October 2010) was a Poland-born French-American mathematician known as the "father of fractal geometry".
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