Study of Keynes’s foreign exchange dealings between the first and moment world wars reveals a chequered recordMarkets can remain irrational longer than you can remain solvent. Such is the advice John Maynard Keynes is supposed to bear given to would-be investors looking to make a killing in the period between the first and moment world wars.
There is some dispute approximately whether Keynes ever delivered this warning. What is not at issue is that it was advice he did not always follow, especially when it came to his dabblings in the currency market.
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Source: theguardian.com