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Keynes was really good investor. Probably one of the best of his time. He practiced value investing before it had a name. He made a fortune for himself despit
by nabla9 6y ago
Keynes was really good investor. Probably one of the best of his time. He practiced value investing before it had a name.
He made a fortune for himself despite constantly giving huge sums to charity and getting wiped out in 1929 crash. He also managed King's College's assets and they outperformed markets by 6-8% over 25 years.
He had nerves of steel. He would not cry out how unfair everything is when his assets depreciated "It is the duty of a serious investor to accept the depreciation of his holding with equanimity [...] any other policy is anti-social, destructive of confidence and incompatible with the working of the economic system."
- bondarchuk 6y agoNo doubt about that of course :)