From The Price Report (GREAT BRITAIN) –
Night of the Demon in turn inspired in me a love of the works of M. R. James, probably Britain’s finest writer of ghost stories.
Night of the Demon is also a good example of one of The Seven Basic Plots, Christopher Booker’s wide-ranging analysis of stories, and why we tell them. It’s an example of the first type of narrative, “Overcoming the Monster”, in which the hero fights an almost insuperable enemy and ultimately saves his community from the forces of evil. The other basic plots: “Rags to Riches”; “The Quest”; “Voyage and Return”; “Comedy”; “Tragedy” and “Rebirth”.
How you frame the current investment situation is down to you. Personally, I think pretty much any of Booker’s templates can be made to work. I quite like Overcoming the Monster, in which the monster is what G. Edward Griffin called “The Creature from Jekyll Island” (namely, the US Federal Reserve and, by extension, all of the major central banks). Or you could adopt “Rags to Riches” on behalf of your own portfolio story. Or “The Quest” (for enhanced wealth or simple capital preservation). Or “Voyage and Return”. Or “Comedy” or “Rebirth”. Let’s hope it isn’t “Tragedy”.
But it’s impossible to follow the investment markets without coming across narratives. As human beings we are drawn to stories like moths to a flame. The problem is that most narratives reported by the financial media are false…