John Maynard Keynes(1883-1946) was the greatest economist of the twentieth century.
After the first world war, his income depended more on his investments than his academic work.
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He saw strategy as an alternative toartfor someone without the requisite talent.
In his early investments, he tried to benefit from market timing, staying just ahead of the crowd.
He also speculated on exchange rates and commodities.
Among his portfolio weremodern artworks.
He spent 13,000 amassing art that was valued at 76 million in 2019.
But the formula didnt always work, even for him.
One of todays most successful investors,Warren Buffett, has written of his admiration for Keynesbrillianceand emulated hisstyle.
Shortly before his death, Keynes warned of the dangers for investors of joining bandwagons.
And he was worried about them for broader reasons.
This was the Keynes whose investments were the most successful.
