5 jewels that have lost their shine
Netflix, Amazon, Zoom, Coinbase and Peloton. These tech companies were once promoted as safe bets for the post-pandemic era. Did you invest at the crest of the wave? Losses reach 90%.
Fortunes are made and lives destroyed in the financial markets. For centuries, stock markets have taught investors lessons in humility, bringing down to earth those caught building castles in the air.
That is what happens to those who push their luck. In 1720, Isaac Newton, father of the theory of gravity, sold his shares in the South Sea Company, one of the hottest stocks of the moment, doubling his initial investment.
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AI translation from the Portuguese. First published in ECO on 26 May 2022.