[HN Gopher] Newton's financial misadventures in the South Sea Bu...
___________________________________________________________________
Newton's financial misadventures in the South Sea Bubble (2018)
Author : cs702
Score : 39 points
Date : 2024-10-02 17:54 UTC (5 hours ago)
(HTM) web link (royalsocietypublishing.org)
(TXT) w3m dump (royalsocietypublishing.org)
| bdjsiqoocwk wrote:
| 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 wrote:
| What goes up must come down. Newton of all people should have
| known.
| FredPret wrote:
| Stock 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 wrote:
| Newton should've invested in broad index ETFs, shame he was
| born a few hundred years too early.
| FredPret wrote:
| Should've invented crypto!
| jameshart wrote:
| I don't know - given that an object in motion remains in
| motion, he might have been more of a 'line goes up' HODLer...
| irq-1 wrote:
| For a broader story, including Newtons running of the Royal Mint,
| check out:
|
| MONEY FOR NOTHING
|
| THE SCIENTISTS, FRAUDSTERS, AND CORRUPT POLITICIANS WHO
| REINVENTED MONEY, PANICKED A NATION, AND MADE THE WORLD RICH
|
| https://www.kirkusreviews.com/book-reviews/thomas-levenson/m...
| FredPret wrote:
| For an lengthy but amazing alternate-reality account of same
| (and much... much more), check out Neal Stephenson's Baroque
| Cycle
| Onavo wrote:
| For a more rigorous treatment, try Paul Wiltmott's (a famous
| quant) _The Money Formula_
|
| https://www.amazon.com/Money-Formula-Finance-Science-
| Mathema...
| downrightmike wrote:
| More about the whole thing:
|
| England: South Sea Bubble - The Sharp Mind of John Blunt - Extra
| History - Part 1
|
| https://www.youtube.com/watch?v=k1kndKWJKB8&list=PL931Bkj5KL...
| pvg wrote:
| Couple of previous discussions from 2018 and 2019
|
| https://news.ycombinator.com/item?id=16245284
|
| https://news.ycombinator.com/item?id=21007541
| dang wrote:
| Thanks! Macroexpanded:
|
| _Isaac Newton 's Financial Misadventures in the South Sea
| Bubble_ - https://news.ycombinator.com/item?id=29032752 - Oct
| 2021 (1 comment)
|
| _Newton 's Financial Misadventures in the South Sea Bubble_ -
| https://news.ycombinator.com/item?id=21007541 - Sept 2019 (15
| comments)
|
| _Newton's Financial Misadventures in the South Sea Bubble
| [pdf]_ - https://news.ycombinator.com/item?id=16245284 - Jan
| 2018 (35 comments)
| bruce511 wrote:
| One of the things I found interesting recently was that the
| "South Sea" part of the name refers to the South Atlantic. I'd
| always inferred that the "South Sea" was the South Pacific.
|
| I suppose the term "South Pacific" is ingrained in the language,
| so naturally my mind takes me there with "South Sea".
|
| Anyway, just one of those long-held beliefs that turns out yo be
| false.
| badpun wrote:
| Doh, I always thought it as South China Sea!
| mikrl wrote:
| South Seas in popular culture typically does refer to the South
| Pacific and Polynesia though. I'd also say the South China Sea
| too.
|
| But in Newton's day yes, I think the colonial adventures were
| still very much focused on the Atlantic.
| ren_engineer wrote:
| Newton should have known to always leave a moon bag
| hermitcrab wrote:
| One of the smartest people who ever lived and he was still
| suckered, due to greed.
___________________________________________________________________
(page generated 2024-10-02 23:00 UTC)