Didier Sornette Quotes

Quotations and aphorisms by Didier Sornette:

When herding behaviour among investors ramps up, a stock’s or index’s growth rate can increase faster than exponentially, leading to more herding. This positive feedback brings the system to a tipping point. About two-thirds of the time, a crash results.
~Didier Sornette


Link:
<a href="https://openquotes.github.io/authors/didier-sornette-quotes/#6bf7b098">https://openquotes.github.io/authors/didier-sornette-quotes/#6bf7b098</a>

Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook’s value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years.
~Didier Sornette


Link:
<a href="https://openquotes.github.io/authors/didier-sornette-quotes/#c3b74c31">https://openquotes.github.io/authors/didier-sornette-quotes/#c3b74c31</a>

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