The curse of Keynes

John Maynard Keynes never actually said that «market can remain irrational longer than you can remain solvent. « Still, he might well have. The British economist started his investment career believing that an understanding of the business cycle would be the path to riches. That turned out not to be the case. Clever economists may be able to spot an unsustainable trend, but they have no special insight into when that trend will reverse. Hedge fund manager Sushil Wadhwani, a former member of the ...