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Greed (or avarice) is an insatiable desire for material gain (be it food, money, land, or animate/inanimate possessions) or social value, such as status, or power.
C. S. Lewis writes in Mere Christianity that pride is the "anti-God" state, the position in which the ego and the self are directly opposed to God: "Unchastity, anger, greed, drunkenness and all that, are mere fleabites in comparison: it was through Pride that Lucifer became wicked: Pride leads to every other vice: it is the complete anti-God ...
These three states are delusion, also known as ignorance; greed or sensual attachment; and hatred or aversion. [ 1 ] [ 2 ] These three poisons are considered to be three afflictions or character flaws that are innate in beings and the root of craving , and so causing suffering and rebirth .
Pleonexia, sometimes called pleonexy, originating from the Greek πλεονεξία, is a philosophical concept which roughly corresponds to greed, covetousness, or avarice, and is strictly defined as "the insatiable desire to have what rightfully belongs to others."
During the Middle Ages, Mammon was commonly personified as the demon of wealth and greed. Thus Peter Lombard (II, dist. 6) says, "Riches are called by the name of a devil, namely Mammon, for Mammon is the name of a devil, by which name riches are called according to the Syrian tongue."
Continue reading ->The post The Fear and Greed Index: Definition and Examples appeared first on SmartAsset Blog. The news service believes in this so much that it has created a metric around the idea.
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Greed and fear are among the animal spirits that Keynes identified as profoundly affecting economies and markets. Warren Buffett found an investing rule in acting contrary to such prevailing moods, advising that the timing of buying or selling stocks should be "fearful when others are greedy and greedy only when others are fearful."