He decided to invest in South Sea Company shares, but at one point realized the speculative nature of the boom, selling his £7,000 worth of shares.
However, he couldn't cope with the pressure of seeing other people get rich while he was left out, which forced him to buy back the shares, but already at the top of the listings, taking a £20,000 loss.
When asked why he could not predict the bubble, he replied: "I can calculate the movement of celestial bodies, but not the madness of people.
Story Meaning: People's imaginary greed is so persuasive as to deceive Isaac Newton.
But what will happen with USA #STOCKS #SPX500 ?
Is there really a bubble?
Actually, USA is going through a huge euphoria of scales never seen before, because of the changes that have already occurred this year, and those to come.
The fact is that the USA has a lot of potentials, and can take off at a much higher rate if it continues to improve its management.
But there is a prospect of profit and profit itself, so what happens when investors realize that profit will come, but it hasn't yet?
Well, that's the moment when excess expectations start to be cut.
So, what can be CONCLUDE:
There is a bubble, but it does not mean that everything inside the bubble is wind, it has many fundamentals that are true, there are many companies inside the #spx500 that are actually resuming growth, but when most are more concerned about getting rich soon, ends up creating excesses that at a certain time will certainly burst.
So, be aware of the exaggeration and euphoria, most stocks are already at this level, it is better to stay out than to fall at a loss.
Good luck and Good Profit