Why Stock Markets Crash

“While it’s difficult to pinpoint what type of trader would enjoy this book the most, I think there’s something for everyone, whether you’re a quaint, technical trader or a fundamentalist… I feel that I’m smarter after finishing this book; I thoroughly enjoyed the lengthy journey, and would recommend this to any stock market enthusiast.”–Jeff Pierce, Seeking Alpha “A highly recommended, enjoyable, well-researched, and thought-provoking book for anyone interested in stock markets and the modeling of financial processes.”–Rick Gorvett, Journal of Risk and Insurance “The book is written in a readable style and does not require technical knowledge. Any reader interested in a serious approach to the origin and possible prediction of financial bubbles will enjoy reading it.”–Josep M. Porra, Journal of Statistical Physics “Sornette’s book is not just about finance and economics; it is also a mesmerizing introduction to game theory, fractals, catastrophe theory, critical phenomena, and much more. No prior knowledge of finance or economics is needed to understand the book… Throughout the book, Sornette makes numerous, vivid comparisons with many other fields in which the various mathematical tools he describes can be applied.”–Frank Cuypers, Physics Today

Didier Sornette is professor of entrepreneurial risks at the Swiss Federal Institute of Technology in Zurich, professor of finance at the Swiss Finance Institute in Geneva, and the director of the Financial Crisis Observatory at ETH Zurich.