Australian Resource Boom in a Bubble - article

Discussion in 'Markets & Economies' started by Blockhead, Jun 29, 2011.

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  1. Old Codger

    Old Codger Active Member Silver Stacker

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    PS,


    Sir Isaac Newton, one of the greatest minds in history, lost all his vast wealth in the Tulip Bubble.



    OC
     
    Old Codger, Jul 10, 2011
    #21
  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Sir Newton's supposed response to his financial loss from the South Sea Bubble:
    "I can calculate the motions of heavenly bodies, but not the madness of men."
    This was a guy who literally 'wrote the book' on calculus. (Any Leibniz fanboys can go suck...an apple)

    According to this link, a number of Einstein's personal letters revealed he made some poor investment decisions too.

    The next time you get burnt on an investment that didn't pan out, don't feel bad; even world-class geniuses are not immune from bad financial calls.
     
    Roswell Crash Survivor, Jul 10, 2011
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  3. Old Codger

    Old Codger Active Member Silver Stacker

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    Touche'
     
    Old Codger, Jul 10, 2011
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  4. jpanggy

    jpanggy Active Member

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    and I remember doing the same with star wars toys only to find that the market is flooded with em.
     
    jpanggy, Jul 10, 2011
    #24
  5. Aengrod

    Aengrod Member

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    Energy ... nuff said.
     
    Aengrod, Jul 10, 2011
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