Current Events > TIL Newton lost alot of money chasing a stock market bubble

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Lunaaaa
11/24/18 6:52:46 AM
#1:


https://www.businessinsider.sg/isaac-newton-lost-a-fortune-on-englands-hottest-stock-2016-1/?r=US&IR=T

even a genius could be consumed by greed and got pooped in the end. such is human nature
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deupd_u
11/24/18 7:00:24 AM
#2:


Lunaaaa posted...
even a genius could be consumed by greed and got pooped in the end. such is human nature

God forbid people try to make money.
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Lunaaaa
11/24/18 7:06:28 AM
#3:


deupd_u posted...
Lunaaaa posted...
even a genius could be consumed by greed and got pooped in the end. such is human nature

God forbid people try to make money.

he did made money with it. at first he bought the share for cheap, then saw the hole in the practice, he pulled out, made twice the amount he invested.

his mistake is seeing the bubble still expand, and people gettign rich left and right,so despite his correct earlier judgement, he couldn't resist the temptation and bought more unfortunately in the end of the bubble. the bubble burst, and he went almost bankrupt.

maybe it's bad, but i am in some way glad that a figure like newton isn't resistant to the same human plague we all suffer.
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