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A Dozen Things I’ve Learned About Investing from John Maynard Keynes | 25iq

Posted by nexvucapital on August 31, 2013

A Dozen Things I’ve Learned About Investing from John Maynard Keynes | 25iq.

1. “As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.” Keynes started investing on behalf of King’s College in 1924 and because he believed he knew a lot about macroeconomics, he made a lot of macroeconomic-based bets.   During this period, which lasted to the early 1930s, Keynes’ performance as an investor was dismal.  It was only when he was delivered a large dose of reality/humility as an investor that Keynes set himself on a course which focused on the microeconomics of individual companies. Records of Kings College show that as soon as he focused on systems that were understandable and less complex (individual companies and their markets) Keynes found success as an investor…

Source: http://25iq.com/2013/08/27/a-dozen-things-ive-learned-about-investing-from-john-maynard-keynes/

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