Posted by: jerrybhoot May 22, 2008
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Sir Isaac Newton - "I can calculate the motion of heavenly bodies, but not the madness of people"
Few had known that Sir
Isaac Newton invested in the shares of South Sea Company and lost
money. The Company primarily did slave trading with South American
countries. With great promise of prospect, people started snatching up
the shares and pushed the price ridiculously high. It seemed like an
easy way to get rich quick and more people get into it by paying more
and more. The Company proved to be unsuccessful and in the end, its
shares plunged and became worthless.
Thus, we learned that even
a genius mathematician like Sir Isaac Newton could not predict the
stock market. It isn't easy as there is an element of human psychology
(greed and fear) in the price determination of shares and it is almost
impossible to calculate.