Sunday, December 8, 2013

We Can't be Great in Everything!

We all can be experts in some areas while not being good in some others. I read that in 1720 Sir Isaac Newton had shares of the South Sea Company, the hottest stock in England at that time. The stock had risen too much and Newton said "I can calculate the movement of the stars, but not the madness of men", and sold out all his stocks, earning £ 7000 which was 100% profits on his holding. But a few months afterwards, when he saw the stock still rising, he got lured and bought the stock again at much higher price. This time South Sea Bubble burst and Newton lost total £ 20000!

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