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26 Feb 2014 (AFR) – How animal spirits drive the market

[COMMENT: Very interesting article about the emotions and psychology of investing in the financial markets. It explains that the source of instability in risky behaviour is somewhat dependant on underlying physiology, and hormones, amongst other things.]

(26 Feb 2014, AFR, p38, Jill Margo Health editor)

‘When John Maynard Keynes famously said that “animal spirits” drive investment and market sentiment, he didn’t specify what these spirits were, as he didn’t have any training in biology. Today, neuroscientist and former Wall Street trader John Coates is doing that for him. Coates gave up a lucrative managing directorship for the minimum wage of science to explore the biology of risk-taking.’

Read the full article at (might need AFR login access)

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


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