Didier Sornette Quote

The same basic ingredients are found repeatably: fueled by initially well founded economic fundamentals, investors develop a self-fulfilling enthusiasm by an imitative process or crowd behavior that leads to an unsustainable accelerating overvaluation.


Chapter 7, Autopsy Of Major Crashes, p. 272. - Why Stock Markets Crash - Critical Events in Complex Systems (2003)

Picture Quote 1

The same basic ingredients are found repeatably: fueled by initially well founded economic fundamentals, investors develop a self-fulfilling...

Picture Quote 2

The same basic ingredients are found repeatably: fueled by initially well founded economic fundamentals, investors develop a self-fulfilling...

Picture Quote 3

The same basic ingredients are found repeatably: fueled by initially well founded economic fundamentals, investors develop a self-fulfilling...

Picture Quote 4

The same basic ingredients are found repeatably: fueled by initially well founded economic fundamentals, investors develop a self-fulfilling...