The physicist Isaac Newton
As ingenious as Isaac Newton was as a physicist, he behaved foolishly as a speculator. Nevertheless, he did the financial world a good service.
D.he Englishman Isaac Newton (1643-1727) left the world an anecdote too good to be true. It is said that Newton was standing in his garden one fine summer day in 1666, looking at an apple tree full of fruit. Suddenly an apple fell, and Newton wondered, “Why does an apple always fall to the ground? Why doesn’t it fall to the side or move back up? “
This everyday experience, so goes the legend, is at the beginning of Newton’s revolutionary research on gravitational theory, the theory of gravity. The world of physics and mathematics reveres the man to this day as one of the most important scientists of all time. What is less well known, however, is that Newton also made a name for himself in the financial world. After his years as a scientist in his mid-50s, he had taken on a job that not only made good money, but also had a lot to do with money: He became “Master of the Royal Mint”, which is most likely to be related to it “Executive Board of the Royal Mint” can be translated. In practice, it was more of a lucrative support post than a full-time job, but Newton took it very seriously. You could hardly have found a better man for it than the most gifted mathematician of his time.