Isaac Newton got burnt in the stock market. Can you believe that? The same person that discovered gravity, once said this:
“I can calculate the movement of stars, but not the madness of the men‘
I loved this phrase because it came from one of the greatest minds in history. Isaac Newton was very good in his job, accomplishing several feats in mankind. One of which was discovering gravity.
But did you know he got burnt in the stock market?
Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he ‘could calculate the motions of the heavenly bodies, but not the madness of the people.’
Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up