Didier Sornette - Relevant Quotes

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It is difficult to assess how much this gambling spirit is active in the minds of individual investors. If it is, even to a small degree, it is relevant to our discussion since it makes investors prone to imitation and herding because they invest on little information. It may also explain the anomalously large volatility of prices and their potential instabilities.

Didier Sornette

The phenomena and underlying mechanisms discussed in this book may thus become even more relevant to a larger and larger portion of human activity. Understand their origin, and be prepared for subtle but significant precursors!

Didier Sornette

One trader's move in the market can be interpreted by another trader as relevant additional information due to the uncertainty he faces.

Didier Sornette