The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. In this book, Didier sornette boldly applies his varied experience in these areas to propose a simple, powerful, and General theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of the market price, otherwise known as a "bubble." anchoring his sophisticated, step-by-step analysis in leading-edge physical and statistical modeling techniques, he unearths remarkable insights and some predictions-amongg them, that the "end of the growth era" Will occur around 2050. Sornette probes major historical precedents, from the decades-long "tulip Mania" In the Netherlands that wilted suddenly in 1637 to the South sea bubble that ended with the first huge market crash in England in 1720, to the great crash of October 1929 and black Monday in 1987, to cite just a few. He concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe.
Expectations Investing Reading Stock Prices For Better Returns
Michael J. Mauboussin,Alfred Rappaport
Columbia Business School Publishing
One Up On The Wall Street
Peter Lynch
Simon & Schuster Inc.
Unshakeable Your Guide To Financial Freedom
Tony Robbins,Robbins Anthony
Even Buffett Isnt Perfect
Vahan Janjigian
Portfolio/Penguin Random House Group
Kings Of Crypto One Startups Quest To Take Cryptocurrency Out Of Silicon Valley And Onto Wall Street
Jeff John Roberts
Harvard Business Review Press/Penguin Random House Group
Invest Like A Guru How To Generate Higher Returns At Reduced Risk With Value Investing
Charlie Tian
John Wiley & Sons/Pan Macmillan Publishers Pvt. Ltd.
Profitable Investment In Shares
S S Grewal
Vision Books Publication Pvt. Ltd.
The Science Of Getting Rich
Wattles Wallace D
Embassy Book Distributors
Angel Investing Insider Secrets To Wealth Creation
Sanjay Kulkarni
Harper Collins Publishers Limited
Secrets Of Sales Masters 50 Sales Masters To Make You Win
Johnson Michael Dalton
Fill up your details to notify you when this book will be available