Isaac Newton, Lost $2.72 Million in the Stock Market, Still the Best Scientist
A little known fact about Isaac Newton is that he lost $2.72 million USD in today's money due to speculation in The South Sea Company stock in the 1720s. As a result of this crisis, he stated "I can calculate the motions of heavenly bodies, but not the madness of people." http://www.certifiedchinesetranslation.com/10/0103-Isaac-Newton-investor.html
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http://en.wikipedia.org/wiki/Isaac_Newton Newton described universal gravitation and the three laws of motion which dominated the scientific view of the physical universe for the next three centuries.
http://online.wsj.com/mdc/public/page/marketsdata_asia.html?refresh=on Good link on Global market index
2 comments:
THIS NEWS IN BENJAMIN GARAHAM'S INTELLEGENT INVESTOR I THINK.
Yes and Warren Buffet also has said this in his Letter to share holders in 2005 report.
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