Didier Sornette's Quotes
Born: 1957-06-25
Profession: Scientist
Nation: French
Biography of Didier Sornette
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 future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years.
Tags: Future, Growth, NextWhen 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.
Tags: Point, Positive, Time