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This article confirms that the common lore is broadly correct. Newton bought, stock goes up, Newton sells, realizes huge gains, stock goes up more, Newton buys
by bdjsiqoocwk 2y ago
This article confirms that the common lore is broadly correct. Newton bought, stock goes up, Newton sells, realizes huge gains, stock goes up more, Newton buys again, stock crashes, Newton loses big.
- amelius 2y agoWhat goes up must come down. Newton of all people should have known.
- FredPret 2y agoStock investment can drive economic and technical development, which only needs to stop with the heat death of the universe. This particular stock was a massive bubble though.
- vasco 2y agoNewton should've invested in broad index ETFs, shame he was born a few hundred years too early.
- FredPret 2y agoShould've invented crypto!
- patapong 2y agoGiven that apple literally fell on hid head, he should have just invested in that
- rsynnott 2y agoNot _that_ far away from a similar concept, really: https://en.wikipedia.org/wiki/Mutual_fund#History https://en.wikipedia.org/wiki/Mutual_fund#History He only missed mutual funds (or a reasonable analogue thereof) by 50 years or so, though presumably he'd have had trouble investing in _Dutch_ ones.
- jameshart 2y agoI don’t know - given that an object in motion remains in motion, he might have been more of a ‘line goes up’ HODLer…
- mr_toad 2y agoI don’t know who first derived the Earth’s escape velocity, but it requires calculus and Newton’s theory of gravity, so he should have been able to figure out that the old adage isn’t actually true.
- rsynnott 2y agoThat'd be Newton: https://en.wikipedia.org/wiki/Newton%27s_cannonball https://en.wikipedia.org/wiki/Newton%27s_cannonball (I'm not sure if he actually derived earth's, but he was aware of escape velocity as a concept.)