In this frenzied moment of limitless stimulus and GameStop fever, the notion of value investing seems almost quaint. Why waste your time bargain hunting for good companies at good prices, and then wait decades for your returns to compound, when there’s a snappy little ETF right there waiting to catapult you to riches in months?
John Maynard Keynes is best remembered as an economist who made the case for governments to spend their way out of recessions. But as an investor, he was a kind of proto-Warren Buffett, a diligent savant who could crunch the numbers, discern the qualitative aspects of a toothsome investment and remain unflustered by the churn of the markets.
Read Full Article »