- In 1720 Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England.
- “He could calculate the motions of the heavenly bodies, but not the madness of the people.” He sold his shares and made %100 profit - £7000
- The was a jump in the stock prices months later and bought TSSC shares at a higher price which he ended up with a lose of £20, 000- $3 million+ in today’s money.
- For the rest of his life he forbade anyone to mention “South Sea” in his presence.
- ”Obvious prospects for physical growth in a business does not translate into obvious profit for investors.”
jan 16 2018 ∞
feb 5 2018 +
feb 5 2018 +