“I can calculate the movement of stars, but not the madness of men.” -Sir Isaac Newton
Sir Isaac Newton is one of the most brilliant scientists the world has ever seen, famously remembered for formulating the three laws of motion, the law of universal gravitation, and calculus.
But one thing you won’t find jotted down in the history books is that, despite his staggering genius, Newton was a lousy investor.
You see, back in the spring of 1720, Newton owned shares in the South Sea Company, the hottest stock in England.
After a few months of holding the stock, he dumped his South Sea shares, pocketing a 100% profit in the process.
But that’s when he made a costly mistake.
After netting his gains, Newton watched the share price continue to climb. Like many investors since, he was swept up in the wild enthusiasm of the market and bought back in, at three times the price of his original stake -only to nearly lose his entire fortune.
When the dust settled, this painful reversal led to his famous quote above.
It also cost him nearly £20,000 (or more than $6 million today).
As investors… as 10-Minute Millionaires… our goal, of course, is millionaire status. Or even billionaire status.
But I’m willing to bet that one thing has blocked you from achieving that “big” goal.
And it’s the same obstacle that nearly cost Newton his entire life savings.
When it comes to investing, we really are our own worst enemies. Our emotions get in the way and cause us to make highly irrational choices that are disastrous to our wealth.
But with investing, you can create a “system” that will blunt emotion… and do so in a way that removes the chaos-triggering miscues from the trading process.
And that’s exactly what The 10-Minute Millionaire is designed to do.
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