: Would Keynes have invested his money in Bitcoin? #IndiaNEWS John Maynard Keynes was the greatest economist of the twentieth century. Less well known is that he had a parallel career as a successful

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Would Keynes have invested his money in Bitcoin? #IndiaNEWS
John Maynard Keynes was the greatest economist of the twentieth century. Less well known is that he had a parallel career as a successful investor: fairly successful early in his career and spectacularly successful later on when he changed his strategy.After World War I, his income depended more on his investments than his academic work.In addition to his personal investments, he managed the investments of King’s College, Cambridge, of which he was a member.Under his stewardship the value of the King’s College fund increased twelve-fold over a period in which broader markets failed to even double.It was said Keynes achieved these high returns while only devoting half an hour every morning to the task before he got out of bed.Keynes quoted approvingly to his friends a line from Volpone, a classic poem:“I glory more in the cunning purchase of my wealth than in the glad possession�He most certainly did seem to more highly value the cleverness with which he made money than the money itself. He saw strategy as an alternative to art for someone without the requisite talent.Younger KeynesKeynes as a young man was very confident about his own abilities, and less so about those of the general investing public.In his early investments, he tried to benefit from market timing, staying just ahead...Read more

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