Why Stock Markets Crash : Critical Events in Complex Financial Systems

Rating:
Summary: The makings of a "classic"
Review: This must be one of the most beautiful books I have read in recent history.
The beauty comes from the fact that Didier Sornette has the keys to a room that has been difficult to peer into with our scientific analytic tools. It is the room where opposing forces go at each other: attraction and indifference, greed and fear, solipsism and mass behavior, and maybe even good and evil.He explains why and how the keys to this room work: You get to understand the progress made in important areas of physics, geology and biology over recent years as a foil for how irrational exuberance and crashes occur in finanial markets.
If you want to understand the world, if you are interested in where science has made the most illuminating recent strides in our understanding this book needs to be in your hands.
This is a brilliant work! And fun to read at the same time - especially if you got a little math in your background.
If he keeps doing what he is doing, Sornette is either going to get a Nobel Prize or going to get very rich or both.
( Or after doing some of that he may end up teching classes on Buddhism like Barra Founder Barr Rosenberg )