FYI: Was one of the most immortal scientists in history also one of the world’s most mortal investors?
In a recent column on the effort to predict stock-market behavior with principles from geophysics, I cited the losses — reputed to exceed $3.6 million in today’s money — that Sir Isaac Newton incurred speculating on London’s notorious South Sea bubble in 1720. I also cited the remark, often attributed to Newton, that he “could calculate the motions of the heavenly bodies, but not the madness of the people.”
Regards,
Ted
http://jasonzweig.com/isaac-newton-learned-about-financial-gravity-the-hard-way/
