John Maynard Keynes

John Maynard Keynes

Years of life: 1883 — 1946

Credo: Invest, but don't speculate.

Best-seller: "Economic consequences of the world" (1919).

Quote: "Investment — it’s prediction of profitability during asset life; speculation — it’s prediction of behavior of the market".

Principles. Though Keynes is known as an ancestor of the macroeconomic theory, he was also a great investor. In the 1920es the economist speculated much, winning on exchange rates and at commodity exchange. Then he switched to actions. Keynes tried to choose the companies with a good long-term outlook. In spite of the fact that he suffered almost full breakdown (in 1920, 1929 three times and 1937), John achieved the income in 16% a year from 1922 for 1946.

Invest like Keynes. Take shares of the companies with excellent management and solid dividends. For example, from the list of the Vanguard's Dividend Appreciation Index Fund index.

2014   All Rights Reserved