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发帖数: 1285 | 1 In the late spring of 1720, Sir Isaac Newton decided to sell his stocks.
Newton had been an investor in the South Sea Company, a famous enterprise
which effectively commanded a trading monopoly with South America.
The investment had already made Newton a lot of money, he was up more than
100% in a very short time.
In fact, investors were clamoring to buy up the South Sea Company’s stock,
and the share price kept climbing. And climbing.
Newton sensed that the market was getting overheated. It no longer made
sense to him. So he sold.
There was only one problem: the share price of the South Sea Company kept
climbing.
All of Newton’s friends were getting rich. So, against his better judgement
, Newton went back in, repurchasing shares at more than three times the
price of his original stake.
The market then collapsed, and he lost virtually all his life savings. The
experience is said to have given rise to his bemused response:
“I can calculate the movement of stars, but not the madness of men.” | Q********g
发帖数: 2465 | 2 He made huge mistake to be greedy
I won't never ever all in |
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