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The New York Times: John Maynard Keynes: Great economist, terrible currency trader

John Maynard Keynes struggled as a foreign-exchange trader, finds the first detailed study of the famous economist as currency speculator. “In many cases he called currencies right in terms of direction. But his great frustration was how to time a trading position. That was the thing he found most difficult,” said one of the co-authors David Chambers, Reader in Finance and Academic Director of the Newton Centre for Endowment Asset Management at University of Cambridge Judge Business School.

Read the full article [nytimes.com]