The Newton Effect:
"Even Sir Isaac Newton couldn't resist in the South Sea bubble. He went to cash when he (correctly) determined it was a bubble, but could not stand being left out. He went back in to lose everything. According to a recent account (the original is in Kindleberger) Newton lost $2 million (Editorial Humor 238, January 26, 2000, p. 9). (in that $2 million is a largish sum for 1720, I have inquired as to whether this is reported in actual or "real" dollars.) Regardless, we must believe that Sir Newton was quite intelligent, thoughtful, and, yet, still was seduced by the mania about him."
csf.colorado.edu
BGR is of course today's Newton: quite intelligent, thoughtful, and, yet, seduced by the mania about him <g>
K |
