Insight from an Oracle of Finance every weekday morning.

John Maynard Keynes

Why Long-Term Investors Lose, Even When They Win

Why Long-Term Investors Lose, Even When They Win

Human nature desires quick results, there is a peculiar zest in making money quickly, and remoter gains are discounted by

29 Oct

Why Keynes Said Investing Requires a "Gambling Instinct"

Why Keynes Said Investing Requires a "Gambling Instinct"

The game of professional investment is intolerably boring and overexacting to anyone who is entirely exempt from the gambling instinct;

23 Oct