At another level, market crashes constitute beautiful examp… - Didier Sornette

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At another level, market crashes constitute beautiful examples of events that we would all like to forecast. The arrow of time is inexorably projecting us toward the undetermined future. Predicting the future captures the imagination of all and is perhaps the greatest challenge.

Didier Sornette

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About Didier Sornette

Didier Sornette (born 25 June 1957) is Professor on the Chair of Entrepreneurial Risks at Swiss Federal Institute of Technology Zurich (ETH Zurich). He is also a professor of the Swiss Finance Institute, a professor associated with both the department of Physics and the department of Earth Sciences at ETH Zurich.

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Finally, empirical data suggests that assets are sold much more slowly during retirement years than when they are accumulated during working years.

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!

The point is that humans are rarely at their best when they use rational reasoning.

At another level, market crashes constitute beautiful examples of events that we would all like to forecast. The arrow of time is inexorably projecti… - Didier Sornette

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