A Quote by John Maynard Keynes
The markets are moved by animal spirits, and not by reason.
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I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
To the men of this world, to the animal strength and spirits, to the men of practical power, whilst immersed in it, the man of ideas appears out of his reason. They alone gave reason.
I fear animals regard man as a creature of their own kind which has in a highly dangerous fashion lost its healthy animal reason - as the mad animal, as the laughing animal, as the weeping animal, as the unhappy animal.
Man is a thinking animal, a talking animal, a toolmaking animal, a building animal, a political animal, a fantasizing animal. But, in the twilight of a civilization he is chiefly a taxpaying animal.
Because pandemics almost always begin with the transmission of an animal microbe to a human, it's work that takes me all around the globe - from rain forest hunting camps of central Africa to wild animal markets of east Asia.
Private equity capital in each of those markets Europe and Asia - while those markets have very different characteristics - fills a niche where either strategic investors or the public markets don't go, or don't want to go for some particular reason. I think that's going to continue to be the case going forward.
There are multitudes of pure and holy spirits waiting to take tabernacles, now what is our duty. To prepare tabernacles for them; to take a course that will not tend to drive those spirits into families of the wicked, where they will be trained in wickedness, debauchery, and every species of crime. It is the duty of every righteous man and woman to prepare tabernacles for all the spirits they can.
This is the reason why the doctrine of plurality of wives was revealed, that the noble spirits which are waiting for tabernacles might be brought forth.
Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.
The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.
Instinct guides the animal better than the man. In the animal it is pure, in man it is led astray by his reason and intelligence.
As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started. I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
A capitalist economy hums when leading businessmen are bubbling with animal spirits and are prepared to sink their money into risky ventures.
Compassion begets compassion, cruelty begets cruelty. What we give we will ultimately receive. Nonhumans help make us human. They teach us respect, compassion, and unconditional love. When we mistreat animals, we mistreat ourselves. When we destroy animal spirits and souls, we destroy our own spirits and souls.
Dancing is at once rational & healthful: it gives animal spirits; it is the natural amusement of young people, & such it has been from the days of Moses.
Man is said to be a reasoning animal. I do not know why he has not been defined as an affective or feeling animal. Perhaps that which differentiates him from other animals is feeling rather than reason. More often I have seen a cat reason than laugh or weep. Perhaps it weeps or laughs inwardly - but then perhaps, also inwardly, the crab resolves equations of the second degree.
I stayed in L.A. long enough to get on my feet, and then I moved back to New York. The reason I moved here was that I don't feel warm outside of a city; it's too barren in the suburbs, and L.A. is a suburb. Here, it felt active.
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