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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: ggersh who wrote (203426)12/30/2023 11:00:44 PM
From: maceng21 Recommendation

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ggersh

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It was the South Sea Bubble that Sir Isaac Newton lost his shirt on, after first making a 100% profit. Not Tulipomania which came afterwards.

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 in the wild enthusiasm of the market, Newton jumped back in at a much higher price — and lost £20,000 (or more than $3 million in [2002–2003’s] money. For the rest of his life, he forbade anyone to speak the words ‘South Sea’ in his presence.

How Isaac Newton Lost $3 Million Dollars in the "South Sea Bubble" of 1720: Even Geniuses Can't Prevail Against the Machinations of the Markets | Open Culture

The last time BTC went truly crazy was when everyone had stimie cheques to spend, and otherwise nothing to do.

Jimmy Dore stuff on CIA and Julian Assange.

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