5 John Maynard Keynes Quotes on Psychology
John Maynard Keynes quotes on psychology
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Nothing mattered except states of mind, chiefly our own.
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Successful investing is anticipating the anticipations of others.
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Watching the company, with six or seven senses not available to ordinary men, judging character, motive, and subconscious impulse, perceiving what each was thinking and even what each was going to say next, and compounding with telepathic instinct the argument or appeal best suited to the vanity, weakness, or self-interest of his immediate auditor.
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Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be...
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