‘Markets can stay irrational longer than you can remain solvent.’
- Some other hoity toity British Lord
Context
That quote is from Sir John Maynard Keynes, a seminal figure in 20th century economics.
Sir Isaac Newton, after independently inventing calculus, revolutionizing physics and astronomy… was actually the Master and Warden of the Royal Mint, and was thus essentially in charge of English monetary policy during the early 1700’s.
Yes, Newton was in charge of the English Mint, the actual Master of Coin… when he made these investments pictured in the image.
Newton had friends?
Gotta brag to someone.
What comes up must go down!
This is exactly why I won’t do it. I learned a long time ago I have the worst luck possible with anything gambling related. Money is too important to me to just piss it away.
the markets are something in between, like there’s math to somewhat estimate the madness of men
to those who disagree:
chaos theory guy figuring out that some distribution better models the prices of some prices better
Nice to see Newton and I have one thing in common, and, let me tell ya, I don’t know shit about astronomy.
Did his friends actually exit or did they just believe they were rich?
