“Only a faster-than-exponential stock market growth makes private investors feel richer.”

—  Didier Sornette

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Context: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.

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Didier Sornette photo
Didier Sornette 27
French scientist 1957

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