(?)
Quotes are added by the Goodreads community and are not verified by Goodreads. (Learn more)
Benjamin Graham

“And back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he “could calculate the motions of the heavenly bodies, but not the madness of the people.” Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price—and lost £20,000 (or more than $3 million in today’s money). For the rest of his life, he forbade anyone to speak the words “South Sea” in his presence. 4”

Benjamin Graham, The Intelligent Investor
Read more quotes from Benjamin Graham


Share this quote:
Share on Twitter

Friends Who Liked This Quote

To see what your friends thought of this quote, please sign up!


This Quote Is From

The Intelligent Investor The Intelligent Investor by Benjamin Graham
149,415 ratings, average rating, 4,084 reviews

Browse By Tag