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> By seeking out overvalued assets, short-sellers help rein in animal spirits and prevent bubbles from forming. Suddenly this article takes an unexpectedly spi
by stephengillie 8y ago
> By seeking out overvalued assets, short-sellers help rein in animal spirits and prevent bubbles from forming.
Suddenly this article takes an unexpectedly spiritual turn. What are these "animal spirits" and how do they influence markets? It's reminiscent of the Animal Spirit Guide that helped Chakotay in Star Trek Voyager[0]
[0] http://memory-alpha.wikia.com/wiki/The_Cloud_(episode) http://memory-alpha.wikia.com/wiki/The_Cloud_(episode)
- pg_bot 8y agoIt is a phrase popularized by the most famous economist of the 20th century, John Maynard Keynes. https://en.wikipedia.org/wiki/Animal_spirits_(Keynes) https://en.wikipedia.org/wiki/Animal_spirits_(Keynes)