The Smartest Fool

ISBN-13: 9783565198962 / Angielski / Miękka / 124 str.

Oscar Vine

Opis

"The Smartest Fool - How the genius who calculated gravity lost a fortune on hype" focuses on the financial disaster of Sir Isaac Newton during the South Sea Bubble of 1720. Newton, one of the greatest minds in history, invested early, made a profit, and got out. But seeing his friends getting rich as the bubble inflated, he suffered from FOMO (Fear Of Missing Out), bought back in at the peak, and lost everything.Financial historian Oscar Vine uses Newton's story to illustrate that intelligence is no protection against emotional irrationality in the market. Newton famously said, "I can calculate the motions of heavenly bodies, but not the madness of people." The book analyzes the mechanics of the bubble and the psychological traps that ensnared the entire British establishment."The Smartest Fool" is a comforting yet cautionary tale. It proves that financial mistakes are not a lack of IQ, but a lack of emotional discipline. If the man who invented calculus could go broke chasing a trend, so can you.

Learn how Isaac Newton lost his fortune in a stock market crash, proving that genius is no defense against greed.