Keynes and the market [electronic resource] : how the world's greatest economist overturned conventional wisdom and made a fortune on the stock market

Keynes and the Market is an entertaining guide to John Maynard Keynes– amazing stock market success. It weaves the economist's value investing tenets around key events in his richly lived life. This timely book identifies what modern masters of the market have taken from Keynes and used in their own investing styles–and what you too can learn from one of the greatest economic thinkers of the twentieth century. If you want to profit in today's turbulent stock market the techniques outlined here will put you in a better position to succeed. Keynes and the Market: How the World’s Greatest Economist Overturned Conventional Wisdom and Made a Fortune on the Stock Market......Page 5 Contents......Page 7 Introduction......Page 9 The Worldly Philosopher......Page 13 Enter the Hero......Page 15 A Privileged Boy......Page 16 The Cambridge Idyll......Page 17 An India Man......Page 18 The Bloomsbury Rebellion......Page 19 The Uncivil Servant......Page 21 A Carthaginian Peace......Page 23 Disestablished......Page 24 The Lapsed Apostle......Page 27 The Speculation Racket......Page 29 The Economist and the Showgirl......Page 31 In Gold We Trust......Page 32 Compound Interest Machines......Page 33 A Devotee of the Cult......Page 34 Gotham A-Go-Go......Page 35 Nothing but Blue Sky......Page 37 The Collective Mind......Page 39 The Price Is Right......Page 40 The Pike in the Carp-Pond......Page 42 Safety in Numbers......Page 43 Nietzsche Market......Page 44 Mob Rule (Sometimes)......Page 45 Pass the Parcel......Page 46 Running of the Bulls......Page 48 The Music Stops......Page 51 Nightmare on Wall Street......Page 53 Prophet Warning......Page 54 The Canary in the Coal Mine......Page 55 Carpe Diem......Page 56 The Croakings of a Cassandra......Page 58 Into the Daylight......Page 61 Casting Out the Money Changers......Page 63 A New Wisdom......Page 64 Bowling Over the Frock Coats......Page 65 The General Theory......Page 67 Money Matters......Page 68 Spender of Last Resort......Page 69 The Mark of Keynes......Page 71 What Goes Up.........Page 73 The Uncertainty Principle......Page 75 My Indecision Is Final......Page 76 Jumping at Shadows......Page 77 Confidence Trick......Page 79 State of Emergency......Page 80 A Sentimental Education......Page 81 Flowering Inferno......Page 83 The Dangers of Democracy......Page 85 Outrunning the Bear......Page 86 Bipolar Bears (and Bulls)......Page 88 Buffy the Empire Slayer......Page 89 Far From the Madding Crowd......Page 91 The Prodigal Son......Page 92 The Damn’d South Sea......Page 95 Nullius in Verba......Page 97 The Economist and the $100 Bill......Page 99 The Weighting Game......Page 100 Bargain Hunting......Page 102 Eyes Forward......Page 103 Virtue Rewarded......Page 104 The Fall of the Nous of Ussher......Page 107 Omission Possible......Page 108 Origins of the Specious......Page 109 Girl in the Gorilla Suit......Page 111 Fingers and Toes Investing......Page 112 The Half-Empty Glass......Page 113 Pick-a-Number......Page 115 A Bird in the Hand......Page 116 Maintaining an Edge......Page 117 Apples for Peanuts......Page 119 Fashion Victim......Page 121 The Perils of Popularity......Page 122 Backing the Right Horse......Page 123 Fear Factor......Page 125 Groceries, Not Perfume......Page 126 Kissing Toads......Page 127 Monopoly Money......Page 129 Minority Report......Page 130 Buy on the Sound of Cannons......Page 132 Lonesome in the Crowd......Page 133 Homage to Catatonia......Page 137 Whirlpools of Speculation......Page 138 Time on Your Side......Page 140 Errors of Commission......Page 141 Capital Punishment......Page 142 To Have and to Hold......Page 144 A Fugitive from the Law of Averages......Page 147 Basket Case......Page 148 If You Can Beat Them, Don’t Join Them......Page 150 Keeping It Simple......Page 151 Searching for Holes in the Baskets......Page 152 Waiting for a Fat Pitch......Page 153 Crossing the Jordans......Page 155 Eggs in a Couple of Baskets......Page 156 Loading Up......Page 157 The Stock Market Stoic......Page 159 Don’t Just Do Something, Stand There.........Page 161 Do-It-Yourself......Page 162 Going for It......Page 163 Debt-Defying......Page 165 Mind Control......Page 166 Guilt-Edged Securities......Page 168 Pride Goeth before Destruction.........Page 169 Forewarned, Forearmed......Page 170 The Establishment Rebel......Page 171 Every Crowd Has a Silver Lining......Page 172 Stock Market Jujitsu......Page 174 The Investment Principles......Page 175 Investment Performance......Page 177 The Chest Fund......Page 178 The Positives......Page 179 The Negatives......Page 180 The Wheel Turns......Page 182 Laid to Rest......Page 184 Relative Monetary Values......Page 187 References......Page 188 Index......Page 213 Acknowledgments......Page 223 About the Author......Page 225

Keynes and the Market

New insights into the life and times of the original value investor

John Maynard Keynes-acclaimed economist, statesman, and writer-was one of the few men to master the financial markets in practice as well as in theory. His six key investment principles, refined over decades of investing, represent a straightforward and time-tested system for exploiting the periodic irrationality of stock markets.

Keynes and the Market examines the secrets behind Keynes' incredible stock market success. A determined foe of conventional wisdom in all spheres of his life, Keynes' unorthodox approach anticipated the investment philosophies of some of the world's most successful investors, including the legendary Warren Buffett of Berkshire Hathaway. Having comprehensively overthrown many of the confident conclusions of classical economics, Keynes' heretical views on financial markets-supported by insights from the emerging discipline of behavioral finance-now provide the basis for yet another Keynesian revolution.

In this entertaining and informative book, Justyn Walsh reveals how the everyday investor can profit from the stock market techniques of one of the greatest thinkers of the twentieth century.

One of the most influential and unexpected economic luminaries of his time andthe original value investor, John Maynard Keynes was a British economist whose ideas, called Keynesian economics, had a major impact on modern economicand political theory as well as on many governments' fiscal policies. Keynes explored new economic thoughts through speculating heavily in foreign markets and becoming one of the first proponents of investing in common stocks. Keynes was a world-changing economist who, almost uniquely among his professional brethren, also mastered the financial markets in practice. His theories uncannily prefigure those of Warren Buffett and other well-known value investors. He is particularly remembered for advocating interventionist government policy, by which the government would use fiscal and monetary measures to aim to mitigate the adverse effects of economic recessions, depressions, and books. Economists consider him one of the main founders of modern theoretical macroeconomics. This book sheds new light on both the personal and professional aspects of Keynes' life that helped shape his economic theories, and in turn, those of today's financial leaders by outlining Keynes' 6 key investment principles Keynes and the Market examines the secrets behind Keynes' incredible stock market success. A determined foe of conventional wisdom in all spheres of his life, Keynes' unorthodox approach anticipated the investment philosophies of some of the world's most successful investors, including the legendary Warren Buffett of Berkshire Hathaway. Having comprehensively overthrown many of the confident conclusions of classical economics, Keynes' heretical views on financial markets-supported by insights from the emerging discipline of behavioral finance-now provide the basis for yet another Keynesian revolution. In this entertaining and informative book, Justyn Walsh reveals how the everyday investor can profit from the stock market techniques of one of the greatest thinkers of the twentieth century One of the most influential and unexpected economic luminaries of his time and the original value investor, John Maynard Keynes was a British economist whose ideas, called Keynesian economics, had a major impact on modern economic and political theory as well as on many governments' fiscal policies. Keynes explored new economic thoughts through speculating heavily in foreign markets and becoming one of the first proponents of investing in common stocks. Keynes was a world-changing economist who, almost uniquely among his professional brethren .. The apostle Maynard Citizen Keynes Snap, old maid and musical chairs The reckoning Raising a dust Animal spirits Game-players Searching for stunners Safety-first Leaning into the wind Being quiet Eggs in one basket A sense of proportion Post mortem.