Since it is the actions of investors whose buy and sell decisions move prices up and down, any deviation from a random walk has ultimately to be traced back to the behavior of investors.


Chapter 4, Positive Feedbacks, p. 81 - Why Stock Markets Crash - Critical Events in Complex Systems (2003)

Didier Sornette Quotes

Since it is the actions of investors whose buy and sell decisions move prices up and down, any deviation from a random walk has ultimately to be...

Since it is the actions of investors whose buy and sell decisions move prices up and down, any deviation from a random walk has ultimately to be...

Since it is the actions of investors whose buy and sell decisions move prices up and down, any deviation from a random walk has ultimately to be...

Since it is the actions of investors whose buy and sell decisions move prices up and down, any deviation from a random walk has ultimately to be...