this post was submitted on 14 May 2025
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Anon gets investing advice from Isaac Newton (infosec.pub)
submitted 1 week ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works
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[–] sp3ctr4l@lemmy.dbzer0.com 41 points 1 week ago* (last edited 1 week ago)

'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.

https://en.wikipedia.org/wiki/Later_life_of_Isaac_Newton

[–] lessthanluigi@lemmy.sdf.org 23 points 1 week ago

What comes up must go down!

[–] dwindling7373@feddit.it 19 points 1 week ago (1 children)

Newton had friends?

[–] mindbleach@sh.itjust.works 2 points 1 week ago

Gotta brag to someone.

[–] Bosht@lemmy.world 15 points 1 week ago

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.

[–] untakenusername@sh.itjust.works 12 points 1 week ago

the markets are something in between, like there's math to somewhat estimate the madness of men

to those who disagree:

Black–Scholes equation

chaos theory guy figuring out that some distribution better models the prices of some prices better

Fundamental theorem of asset pricing

Fundamental theorem of asset pricing

[–] redhorsejacket@lemmy.world 10 points 1 week ago

Nice to see Newton and I have one thing in common, and, let me tell ya, I don't know shit about astronomy.

[–] ryedaft@sh.itjust.works 5 points 1 week ago

Did his friends actually exit or did they just believe they were rich?