Thursday, December 20, 2007

投资小故事(四)

一。
曾有一个犹太人到纽约一家银行的贷款部去借钱,而且他只借一美元,却用大约五十万美元的股票和国债等来作为担保。这让在旁边一直观看的分行长感到迷惑不解,于是让那位犹太人说明原因。犹太人说道,他觉得很多家银行租金都太贵,所以他才假借一美元而实则在银行存这些股票,因为相对租金来说,银行的利息实在太便宜了。

二。
Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he “could calculate the motions of the heavenly bodies, but not the madness of the people”. Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price – and lost £20,000 (or more than $3 million in today’s money). For the rest of his life, he forbade anyone to speak the words “South Sea” in his presence. He said "I can calculate the movement of the stars, but not the madness of men."

牛顿在英国的南海公司泡沫中损失了一大笔钱。他解释说:"我能算出恒星的运动,但算不出人类的疯狂。"

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