 | Richard L. Peterson - 2011 - 473 lapas
...continued selling shares for absurd enterprises. One such offering advertised its business as follows: "For carrying on an undertaking of great advantage; but nobody to know what it is."3 In the midsummer of 1720, Newton foretold a coming stock market crash, and he sold his shares... | |
 | Peter Andreas Gloor, Scott M. Cooper - 2007 - 257 lapas
...into the investment. One company that went public in 1720 advertised itself as one "for carrying out an undertaking of great advantage, but nobody to know what it is." And still people invested! In early August 1720, the magic £1000-per-share mark was hit, and there... | |
 | Will Slatyer - 2008 - 253 lapas
...the hope that the new stock could be resold quickly at a profit. One company with the objective of "carrying on an undertaking of great advantage, but nobody to know what it is", sold 1000 shares to raise £2000 in five hours. The bubble then burst when the promoter disappeared... | |
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