Market Review and Trends
Newton’s South Sea Bubble & China’s Stock Market Crash – History Repeats Itself in 294 Years
By The Fifth Person  •  October 5, 2015
I can calculate the movement of stars, but not the madness of men.
This famous quote was spoken by Sir Isaac Newton after he lost his fortune in the South Sea Bubble in 1721. Isaac Newton was widely acknowledged as the foremost scientist of his time and was the one who famously defined the laws of gravity. His scientific achievements would be unrivalled until the arrival of Albert Einstein. Einstein only approached Newton’s league some 235 years later when a solar eclipse on 29 May 1919 proved his general theory of relativity correct and Einstein gained worldwide recognition. The point to be made here is that intellect is not a guarantee of investment success. Isaac Newton was one of the smartest men who ever lived but even he got burned in the stock market! While intellect is an important attribute, our emotional control is a more important determining ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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