After all, what will markets be without the greed and the associated Fomo that underpins bubble markets, or the fear and the volatility spikes in the CBOE Volatility Index (VIX) when everyone heads for the door or nearest window to get down at the same time.
The “Psychomachia” (Battle of Spirits or Soul War) is a poem by the late Roman Christian poet Prudentius in the early fifth century. It is considered to be the first and most influential pure medieval allegory in a long tradition including more famous works like “Romance of the Rose” or “Piers Plowman”.
In the “Psychomachia”, seven heavenly virtues combat the evils and temptations lurking in the seductive shadows of the soul. Imagine the cartoon angel and devil which pop up on Homer Simpson’s shoulder, before the devil inevitably wins as baser human instincts take over, oblivious to the angelic voices of Reason and Patience!
