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Bloomberg View: FX traders, take heart: Even Keynes lost his shirt

John Maynard Keynes struggled as a foreign-exchange trader, finds the first detailed study of the famous economist as currency speculator. “If someone as economically literate and well-connected as Keynes found it difficult to time currencies, then the rest of us should think twice before believing we can do any better,” says co-author David Chambers, Reader in Finance and an Academic Director of the Newton Centre for Endowment Asset Management (CEAM) at Cambridge Judge Business School.

Read the full article [bloombergview.com]