Mr Miles highlighted the point that investors usually fall prey to panic selling when the market dips and succumb to «greed» when sentiments turn bullish, and more often than not if such behaviour persists, the investor would eventually end up in a state of pauperism. (robertpmiles.com)
In the nineteenth century, pauperism amongst the able - bodied came to be regarded as a moral failing, and the New Poor Law of 1834 made the provisions of the workhouse so unattractive that they were meant to force people back to work. (religion-online.org)