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According to the academic world view that markets are efficient, only the revelation of a dramatic piece of information can cause a crash, yet in reality even the most thorough post-mortem analyses are typically inconclusive as to what this piece of information might have been. For traders and investors, the fear of a crash is a perpetual source of stress, and the onset of the event itself always ruins the lives of some of them. - Didier Sornette


Since it is the actions of investors whose buy Read more
At another level, market crashes constitute Read more
Positive feedbacks, when unchecked, can produce Read more
If the one who comes is a traveler, help this Read more
The old Wall Street saying " buy on rumors, sell Read more
You shall not turn away the needy, but shall Read more
It is difficult to assess how much this gambling Read more
You shall hate no person; but some you shall Read more
Knowledge is encoded in models. Models are Read more
Obiter dicta might be applied to many a volume in Read more
Indeed, the financial world is such that any Read more
Indiana has more Courts and more Judges and Read more
Perhaps the most profound synthesis of physical Read more
I am myself a lecturer on a branch of the law in Read more
The assumption of perfectly rational, maximizing Read more
A long time ago an old man wished that his Read more
One trader's move in the market can be Read more
The supposed great library at Alexandria was Read more
The price of a stock is strongly influenced by Read more
Does anybody believe we can allow our presses to Read more
The acceleration of the number of traders buying Read more
There are 166 volumes of Massachusetts reports Read more