Didier Sornette: Quotes about behavior

Didier Sornette is French scientist. Explore interesting quotes on behavior.
Didier Sornette: 54 quotes0 likes

“The old Wall Street saying " buy on rumors, sell on the news," is alive and well, as can be seen from numerous sources in the media and the Internet. Rumors can drive herding behavior strongly.”

Didier Sornette

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 108.

“Since it is the actions of investors whose buy and sell decisions move prices up and down, any deviation from a random walk has ultimately to be traced back to the behavior of investors.”

Didier Sornette

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 81

“The assumption of perfectly rational, maximizing behavior won out until recently in the art of modeling, not because it often reflects reality, but because it was useful.”

Didier Sornette

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 138.

“The price of a stock is strongly influenced by the behavior of the traders in a nontrivial way.”

Didier Sornette

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 183.

“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.”

Didier Sornette

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