Two Topics concerning Black Holes: Extremality of the Energy, Fractality of the Horizon

We treat two aspects of the physics of stationary black holes. First we prove that the proportionality, d(energy) ~ d(area) for arbitrary perturbations (``extended first law''), follows directly from an extremality theorem drawn from earlier work. Second we consider quantum fluctuations in the shape of the horizon, concluding heuristically that they exhibit a fractal character, with order lambda fluctuations occurring on all scales lambda below M^{1/3} in natural units.