noodle (npub1xpu…5u46) I'm very glad to hear about your productive endeavours and wish you'd post about those more than the net unproductive passive speculation habit. I'm sorry you put your money in the wrong place, but you're in good company, Isaac Newton lost $3M of his own money in the South Sea Bubble.
"Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he ‘could calculate the motions of the heavenly bodies, but not the madness of the people.’ Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price — and lost £20,000 (or more than $3 million in [2002-2003’s] money. For the rest of his life, he forbade anyone to speak the words ‘South Sea’ in his presence."
Lysander Spooner /
npub1av…qmfgw
2023-03-10 17:57:15
in reply to nevent1q…mlwu
Author Public Key
npub1avmz5jk4c409lupvak5ra244m06w30s840kz2c2mkt37h0lhh4sskqmfgwPublished at
2023-03-10 17:57:15Event JSON
{
"id": "e78990fb3b26503b2da95121cce293b034059b7603dbd5a8e47387c754d2885b",
"pubkey": "eb362a4ad5c55e5ff02ceda83eaab5dbf4e8be07abec25615bb2e3ebbff7bd61",
"created_at": 1678471035,
"kind": 1,
"tags": [
[
"e",
"4ddd0b8a637b3d1399e3c410de33dddb89ebcdd100724da9767a3aad868efd50",
"",
"root"
],
[
"e",
"53f5b551c1f5e29b35e7dd9342942b42f79e7319d4865506f4961f2b7e6c41d8",
"",
"reply"
],
[
"p",
"eb362a4ad5c55e5ff02ceda83eaab5dbf4e8be07abec25615bb2e3ebbff7bd61"
],
[
"p",
"eb362a4ad5c55e5ff02ceda83eaab5dbf4e8be07abec25615bb2e3ebbff7bd61"
],
[
"p",
"eb362a4ad5c55e5ff02ceda83eaab5dbf4e8be07abec25615bb2e3ebbff7bd61"
],
[
"p",
"307981b2277fcc957d2c32835b36dab8b03d708658f9e9aa4e65bc08f68e5e3f"
]
],
"content": "#[5] I'm very glad to hear about your productive endeavours and wish you'd post about those more than the net unproductive passive speculation habit. I'm sorry you put your money in the wrong place, but you're in good company, Isaac Newton lost $3M of his own money in the South Sea Bubble.\n\n\"Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he ‘could calculate the motions of the heavenly bodies, but not the madness of the people.’ Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price — and lost £20,000 (or more than $3 million in [2002-2003’s] money. For the rest of his life, he forbade anyone to speak the words ‘South Sea’ in his presence.\"",
"sig": "0703bbb5a19fbc926f32f80464e92caeb6c06f6631b738fdc9b21255370ddf4ff5a3f89852b180c9d64ebcbdc106120a4ca59f0d14f48948ebd00b1b534c1d5b"
}