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Ecology of Money

Keynes, the Investor

Keynes' little-known but influential record as a successful value investor may someday transcend his controversial economic theories.

The John Maynard Keynes who would emerge as seminal force in personal and institutional investing is so little known that even his many biographers and economists across the world missed what he was doing in the markets.

Upon exploring Keynes the investor for my book Keynes's Way to Wealth, I discovered a man smitten with the financial markets. He relished speculation and complex trades and pushed many of the portfolios he managed into buying stocks, which was rare in the early part of the 20th century for institutional investors.