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I don't see how Keynes' description contradicts Jason's notion of traditional investing.
by pilsetnieks 14y ago
I don't see how Keynes' description contradicts Jason's notion of traditional investing.
- cs702 14y agopilsetnieks: before financial markets made it possible for people to exit their investments with relative ease, all investments throughout history were made "for keeps" by people looking to "stay in" essentially forever. The idea of "investing temporarily" (which almost qualifies as an oxymoron in my view) is a more recent development, but has become dominant to the point that it is now considered "traditional."
- pilsetnieks 14y agoOh, ok. Before the clarification it just seemed that you used the Keynes' quote as a description of traditional professional investing.