Buffett Keynes’s lesson for Buffett

In the early 1920s, John Maynard Keynes attempted to apply his economic views to speculation in the foreign exchange markets. Though Keynes was nearly bankrupted by this experience, he learned a valuable lesson. It’s very difficult to earn money in forex markets from taking positions based on fundamental economic analysis. Recent losses from shorting the dollar suggest Warren Buffett is receiving a similar lesson. For several years, the Berkshire Hathaway boss has been bearish on the greenback....