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RE: Are you an Average Trader?

in LeoFinance3 years ago

Another fact I think you will enjoy and appreciate.

Did you know that Sir Issac Newton lost most of his life savings in South Sea Bubble? Another example that investment prowess is not exactly proportional to scientific skills.

https://en.m.wikipedia.org/wiki/South_Sea_Company

https://physicstoday.scitation.org/doi/10.1063/PT.3.4521

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I didn't know that story about Newton at all. The physics today article is very interesting and it is indeed a reading that I appreciated.

I fully agree with its conclusions: there is no such a thing as a universal genius. A single person can be excellent in one area but the worst in another. An also, it is important to diversify (to some extent) our investments, and also account for the fact that it could go to zero.

Cheers!