Why Stock Markets Crash
In 'Why Stock Markets Crash', Didier Sornette explores the intricate dynamics behind financial crashes, revealing that they are not merely random events but predictable phenomena rooted in human behavior and complex systems. He delves into the psychology of market participants, highlighting how greed and fear can lead to irrational decision-making. Sornette introduces groundbreaking theories and models that attempt to forecast these market failures with surprising accuracy. The book is both a cautionary tale and a guide for investors seeking to navigate the turbulent waters of the stock market. With a blend of science and storytelling, it challenges readers to rethink their understanding of economic stability and risk.
By Didier Sornette
Published: 2017
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