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 Copy Share Image
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… — Didier Sornette Copy Share
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… — Didier Sornette Copy Share
