The Jordan 10 -- Goldin and PWCC

[egri]

Originally Posted by Peter_Spaeth

More likely to me there is some BS going on than it's a real sale where a wealthy guy was THAT stupid.

Sir Isaac Newton got so caught up in the South Sea Company debacle that after he sold his stock, he bought back in at a higher price and lost the equivalent of $3 million. For the rest of his life he forbade anyone to speak the words 'South Sea Company' in his presence. If it happened to him, it can happen to any of these social media influencers, r/WallStreetBets bros, and many others of an entirely different character.

[tschock]

Originally Posted by egri

Sir Isaac Newton got so caught up in the South Sea Company debacle that after he sold his stock, he bought back in at a higher price and lost the equivalent of $3 million. For the rest of his life he forbade anyone to speak the words 'South Sea Company' in his presence. If it happened to him, it can happen to any of these social media influencers, r/WallStreetBets bros, and many others of an entirely different character.

Also consider the majority of family fortunes are gone within 3 generations. The rich don't necessarily stay rich.