If you think the Nissan X-trail story wasn’t choreographed by Theresa May & Amber Rudd’s brother, I have a bridge to sell you.
Newton lost a fortune in the South Sea Bubble. People whose life is processing ideas are especially prone to intellectual fads/bubbles.https://twitter.com/Telegraph/status/1092324422004948992 …
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Fads/bubbles don't need choreographing or conspiring. People spontaneously, and in most cases sincerely, contribute whatever they can.
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Here’s another fad - the European elite looked back at the Nazis and blamed the German voters instead. They saw democracy as a gateway to totalitarianism, so decided to take away real choices from the plebs, leading to the received wisdom of the goodness of the EU Commission.
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It is more nuanced than that, of course - I tried to capture it in a Cold War novel I wrote, in a style reminiscent of Le Carre & Kerr. If you have time, and would like a read, its freely available here:https://www.smashwords.com/books/view/914287 …
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I never knew that about Newton. Nice bit of trivia!
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Except you, eh David?
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Does this kind of nonsense count as a fad?https://twitter.com/DKShrewsbury/status/1091728290337959936?s=19 …
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Counter-example: Thales and the olive presses.
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Yet from Thales to Sorus those of a philosophical bent can make killings in the market - it cuts both way
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Why would that group of people be more susceptible than others? Many people lost money in the South Sea Bubble, including Newton.
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Perhaps because people that get excited about ideas tend to get excited about ideas. :)
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Maybe, but I think everyone gets excited by ideas. It's just some ideas are 'academic' while others might not be. e.g. television shows, sports, video-games, novels and the list goes on :)
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There is actually limited evidence he lost anything like that and if he did it was an 'opportunity cost' i.e. not selling at the peak. The primary source is a quote from his niece but it is not backed up by records at his banker Hoare's.
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Do you have any evidence to back up this hypothesis other than a spurious anecdote?
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Knowing this, how do you work against it? Is this the primary benefit of permanent of intense bouts of reclusive living?
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I read newton was one of the lucky to get out quick and actually made a fortune. Funny how the mind plays tricks
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