>In 1720, Sir Isaac Newton lost a fortune trading shares in the South Sea Co.2
He should have given it to me instead
>>62594322Taught him Gravity good that episode did tho.>He reportedly forbade anyone from uttering the words "South Sea" in his presence for the remainder of his life.KWAB.
>>62594322>rugpulled by jamboys kek
>Newton initially invested in the South Sea Company and made a substantial profit when he sold his shares during the rise.>But he then watched the price continue climbing. Like many investors, he apparently became convinced that he had sold too early and bought back in at a much higher price.>When the bubble burst, Newton lost an immense amount of money for the time, commonly reported as around £20,000 (although the precise figure is uncertain).
>>62594392If even Newton couldn't resist FOMO then how can we ever blame ourselves for the same thing.
>>62594322when i read that newton was interested in how optics and eyes worked so he ended up shoving a needle into his eyeball and almost made himself blind i lost all respect for him. newton has fallen
>>62594322LET IT GO YOu fUcKInG OLD FUCk
>>62594322You don’t have a damn proof. He probably made shit up by himself, we need pen and paper to believe.
>>62594392There's evidence for his initial purchase and sale, but there isn't any actual evidence that he bought in the second time.
>>62595345Yeah there is. There was a guy that looked into it and his conclusion was like "yep, it's real". No, I will not elaborate.
>>62594322Parchments or it didn't happen
He just like me fr fr
Leibniz 2 - 0 Newton
they cant defeat me anymore. i will literally buy until i die.
>>62595348There are good records of the share transactions from the stock exchange. Those records show the first Newton purchase and sale, but do not show the second. If your guy has found those stock exchange records then please produce them.
>As the Master of the Mint starting in 1696, Newton earned an enormous salary of roughly £3,200 to £3,500 per year—equivalent to over a million pounds annually today>When he died in March 1727 at age 84, he left behind a fat bank account, valuable silver items, a house full of possessions, and enough wealth to pass a substantial inheritance to his half-nieces and nephews without even leaving a formal willOP is a reddit posting bot
>>62595345Cope isaac
>>62594322He only lost 20 million 2026 dollars.That's basically nothing.He invented gravity, and a 20 million was a lot for himElon musk has 1 trillion dollars in cash.
south sea>literally zero commercial profit>valuation was a failure, literally more than the entire landmass of britain>epic FOMO >using leveraged credit in order to buy more stockAI>zero commercial profit for AI companies>valuation of AI companies includes data centers not yet built, including potential data centers IN SPACE>epic FOMO>AI startups using similar circular financing by using startup costs to purchase server farms/CPUi'm noticing...
>>62594407You're supposed to learn from the mistakes of your fellow men.
>>62595401When Newton was Master of the Mint, he hunted down counterfeiters and coin clippers ruthlessly, using a network of informants, interrogation of prisoners, even infiltrating criminal circles in disguise. With evidence gathered and organized rigorously, he brought around 30 men and women to justice. Convicted of High Treason, they were either hung, drawn and quartered, or burned at the stake.
>>62595345>Modern archival research by mathematician Andrew Odlyzko (published by the Royal Society) analyzed surviving transfer ledgers from other institutions. They show Newton systematically liquidated his safe, income-generating government annuities and Bank of England holdings in mid-1720 to purchase South Sea stock near its price peak (around £800 to £1,000 per share).>The inventory of Newton’s estate compiled upon his death in 1727 shows that he still held significant quantities of restructured South Sea stock. By comparing the value of his pre-1720 portfolio to his post-1720 holdings, historians estimate his net losses were between £10,000 and £20,000 (roughly $3 million to $20+ million in purchasing power today).https://royalsocietypublishing.org/rsnr/article/73/1/29/48674/Newton-s-financial-misadventures-in-the-South-Sea?hl=en-GB
Newton had no concept of getting droned on a battlefield
>>62594322He was in early, cashed out then got greedy and bought in at the peak.
>>62594407Information on bubbles were very scarce back then. It wasn't even a term. I'm sure there were people involved in the financial markets back then that were aware of the phenomenon we call bubbles, but it was likely very informalised, Isaac Newton would have been aware of the "Dutch tulip mania" that happened a century prior to Newton, but of course, that could never happen in Britain. People back then likely only thought of the tulip mania as a strange event that couldn't repeat, and was just the Dutch being absurd. I doubt most people connected it to markets as a whole.
>>62594392>£20,000£20,000 is fucking nothing what a little bitch and a poorfaggot.
>>62596861Imagine how much money £20,000 was 20 years, ago, then imagine how much it was 50 years ago, and 70 years agoNow, go back 350 years, and try to imagine that. In Newton's time, £1 was half an ounce of gold. Half an ounce of gold now is £2000So take £20,000multiiply it by 2000That's £40,000,000
