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This Classic Investing Mistake Cost Isaac Newton Everything
Sir Isaac Newton was unquestionably one of the most brilliant scientists the world has ever seen, famously remembered for formulating the law of universal gravitation, calculus, and even, you could say, all of modern science itself in his 1687 classic, the "Principia."
But one thing you won't find jotted down in the history books is, despite his staggering genius, Newton was a lousy investor.
And I mean terrible.
This led him to make a catastrophic mistake - one investors still make every day - that essentially ruined him.
The thing is, if Newton had used a little of the methodical scientific skepticism he applied to, well, science, it might have saved him a fortune.
Sir Isaac Newton was unquestionably one of the most brilliant scientists the world has ever seen, famously remembered for formulating the law of universal gravitation, calculus, and even, you could say, all of modern science itself in his 1687 classic, the "Principia."
But one thing you won't find jotted down in the history books is, despite his staggering genius, Newton was a lousy investor.
And I mean terrible.
This led him to make a catastrophic mistake - one investors still make every day - that essentially ruined him.
The thing is, if Newton had used a little of the methodical scientific skepticism he applied to, well, science, it might have saved him a fortune.