Investor psychology includes bodily states like digestion and weather sensitivity

Evidence

In estimating the prospects of investment, we must have regard, therefore, to the nerves and hysteria and even the digestions and reactions to the weather of those upon whose spontaneous activity it largely depends. We should not conclude from this that everything depends on waves of irrational psychology. — Aris Komporozos-Athanasiou, Speculative Communities, 376

Categorization

• SHARE: The Keynes gloss that investment itself is a function of traders’ digestion and weather reactions is a nerdy nugget for anyone studying behavioral finance.
• QUESTION: This appears to be a quotation (likely Keynes’s General Theory) — worth chasing the exact source and the sentence that follows about what ‘we should not conclude.’
• XREF: connects to: Money habits and beliefs are neural pathways wired by trauma and attachment styles. — Money, Trauma & Your Worth: Why Your Relationship; Self-esteem is embodied, not just mental, and blunts death-anxiety — Sheldon Solomon, Jeff Greenberg, Tom Pyszczynski, The Worm at the Core: On the Role of…, 220; Weather mood influences expressed life satisfaction judgments. — Anthony G. Greenwald and Mahzarin R. Banaji, Implicit Social Cognition: Attitudes,…, 108

Broader Connections

• Self-esteem is embodied, not just mental, and blunts death-anxiety #expands (0.75) — Sheldon Solomon, Jeff Greenberg, Tom Pyszczynski, The Worm at the Core, 220