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Keynes's Way to Wealth: Timeless Investment Lessons from The Great Economist Hardcover – November 18, 2013
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About the Author
John F. Wasik is an award-winning columnist, editor, speaker, and author of 14 books. He has covered investor protection issues for more than 30 years and has won 18 awards for his writing.
Top Customer Reviews
Biographically, this book provides only a bare sketch of the type of man Keynes was and his personal history. It tries to angle all this into an overview of how it led Mr. Keynes to develop his investment strategies (not his economic theories), but the conclusions drawn and supporting facts are tenuous at best. There are detailed sections of stocks that he bought, many (naturally) of companies that no longer exist or have long since been bought out or merged into other firms. Because (let’s face it) it would have been irrelevant information anyway, dates, prices and quantities of stocks purchased and sold, and individual profit and loss figures, are largely absent. This means that the reader is given a glimpse into Keynes’ investment strategies without regard to anything that might be made use of. Where the book excels is in providing a number of sidebars that supply definitions of investment terms and explanations of some of the situations that Keynes had to deal with, and these are interesting and sometimes, valuable. They won’t be particularly useful for advanced investors, but they will make this book much more approachable for beginners.
What is most remarkable, though, is that Mr. Keynes made money investing during historic depressions and devastating wars, and certainly that merits some study.Read more ›
Today’s investors can learn a lot from this book. Rather than simply treating Keynes as one of the great investors of his time, Wasik bluntly discusses when Keynes made the wrong decisions. This approach helps readers connect better connect with Keynes, enjoy his good decisions and commisere with his bad decisions. Furthermore, the transformation of Keynes from speculating on commodities and currencies to a value-oriented long-term investor offers many valuable lessons.
This book is a relatively quick read that will benefit investors and interest those who appreciate financial market history. Consider adding it to your bookshelf.
In brief, Keynes moved from commodities and active trading to "buy and hold" of favorite stocks, rather in the style of Warren Buffet, though the book stops just short of the investing conclusion it seems to promise. A valuable contribution to understanding Keynes's thinking on economics. At a time when there are those who brand Keynesian theory as socialistic, this book reminds us that he was a very active capitalist, and that for him an enriched life was more important than being rich.
Most Recent Customer Reviews
And even worse, it is quite redundant and boring. Copying from another reviewer, the key message one acquires may just be "Don't speculate." In short, not recommended.Published 1 month ago by ServantofGod
Great book, informative and entertaining. Comprehensive coverage of Keynes foray into the world of Wall Street.Published 1 month ago by P. A. Smith
This was a good book, however the topics often strayed from the main topic "Keynes" into other areas of investing. The discussion of investing was elementary and not useful. Read morePublished 3 months ago by David Collon
The book shows Keynes' progression from a speculator to an investor. There are no interesting insights besides the historical context. Read morePublished 17 months ago by CAJAGORA
Really wish I hadn't bought it. Most of the content is very redundant and too pro-Keynesian. Not a very critical analysis of Keynes's philosophies.Published on May 27, 2014 by Claudette P. Lowery
I rated 4 stars only because of the wonderful reviews and the book being mentioned on T.V. This is a birthday gift for my investment hungry guy and he won't receive it until May... Read morePublished on April 29, 2014 by Libby
Who knew Keynes as an investor had many of the failings that afflict so many investors? It took him quite a while and failure -- with his own, and friends and family money --... Read morePublished on April 14, 2014 by K. M. McBride
Read it, it's ok.
There is really only one lesson in this book - don't speculate.
Keynes was a speculator and was wiped out twice and lost 60% of his net worth a third... Read more
Really enjoyed this read. Keynes was a real Renaissance man, with a brilliant mind and many different interests. The ideas in this book will help with my investing. Read morePublished on February 19, 2014 by AnimalRescuer