“Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.”
Quote by John Maynard Keynes
Author
John Maynard Keynes
John Maynard Keynes, born on June 5, 1883, was a prominent British economist whose work had a profound impact on the field of economics, particularly in the area of macroeconomics. His theories advocating for government intervention to stabilize the economy gained widespread application during the Great Depression of the 1930s. more
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Source: General Theory Of Employment , Interest And Money
“In truth, the gold standard is already a barbarous relic.”
Source: The Collected Writings of John Maynard Keynes: Essays in persuasion
“The markets are moved by animal spirits, and not by reason.”
“There is no harm in being sometimes wrong - especially if one is promptly found out.”
Source: The Collected Writings of John Maynard Keynes: Essays in biography
“The Class war will find me on the side of the educated bourgeoisie.”
Source: Essays in persuasion
“The biggest problem is not to let people accept new ideas, but to let them forget the old ones.”
Source: General Theory Of Employment , Interest And Money