Keynes – Flawed Investor or Genius?

Nigel Edward Morecroft

Chapter 6 in The Origins of Asset Management from 1700 to 1960, 2017, pp 191-219 from Palgrave Macmillan

Abstract: Abstract Thirty years ahead of his time, and writing at the same time as Benjamin Graham, Keynes’ determination, originality and willingness to take risks challenged the people with whom he worked and the institutions with which he was involved. Offsetting his occasional investment lapses was his tremendous capacity for original thinking both with his methods of asset management and also in the manner in which he described investing, particularly biases now referred to as ‘behavioural finance’. He possessed remarkable insights, about the nature of markets and investors, many of which remain relevant today. This chapter expands on his activities with life assurance companies by exploring his successes and failures at respectively Kings College, Cambridge (an endowment) and the Independent Investment Company (an investment company).

Keywords: Asset Management; Investment Policy; Asset Class; Investment Company; Investment Performance (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-51850-3_6

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DOI: 10.1007/978-3-319-51850-3_6

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