Isaac Newton.
One of the smartest men who ever lived. Basically invented physics.
And yet, in 1720, he got wrecked in the stock market.
Don’t feel sorry for him.
Newton was rich.
He was the Master of the Royal Mint (basically the head of the British economy).
But he got caught up in the hype of the South Sea Bubble, a scam so bad it makes FTX look like a neighborhood dog park scandal.
Newton invested early. Doubled his money. Cashed out.
Smart.
But then he watched the stock go higher.
FOMO kicked in. He jumped back in—this time at the peak.
Not smart.
The bubble popped. He lost a third of his fortune.
His famous quote after this financial faceplant:
"I can calculate the motions of the heavenly bodies, but not the madness of people."
Boesky had his cigar bars. Newton had a gut instinct. Simons had an equation.
I bet you can guess where I’m going with this.
From Chris C.
One of the smartest men who ever lived. Basically invented physics.
And yet, in 1720, he got wrecked in the stock market.
Don’t feel sorry for him.
Newton was rich.
He was the Master of the Royal Mint (basically the head of the British economy).
But he got caught up in the hype of the South Sea Bubble, a scam so bad it makes FTX look like a neighborhood dog park scandal.
Newton invested early. Doubled his money. Cashed out.
Smart.
But then he watched the stock go higher.
FOMO kicked in. He jumped back in—this time at the peak.
Not smart.
The bubble popped. He lost a third of his fortune.
His famous quote after this financial faceplant:
"I can calculate the motions of the heavenly bodies, but not the madness of people."
Boesky had his cigar bars. Newton had a gut instinct. Simons had an equation.
I bet you can guess where I’m going with this.
From Chris C.
