KEYNES THE INVESTOR

摘要：

John Maynard Keynes was an active investor whose trading was in many ways comparable to that of a modern-day hedge fund manager. Yet, the existing literature has only cursorily examined his investment ability. By combining careful archival research with modern portfolio analysis, we evaluate Keyness investment philosophy, strategies and performance, principally in the context of the Kings College, Cambridge endowment. This period constitutes a major transition point in modern financial history. Britain moved from the weakly-protected, retail investor, bond-centric world of pre-1913 to the tightly-regulated, institutional investor, equity-centric financial system of the second half of the 20th century. This is therefore also a study of how one sophisticated investor confronted these challenges.

作者: David Chambers Elroy Dimson

作者单位: Department of Economics,Manor Road,Oxford OX1 3UQ,UK London Business School,Regents Park,London NW1 4SA,UK

会议类型: 国际会议

会议名称: 2008年中国金融国际年会

会议地点: 大连

会议语种:英文

页码: 1-26

在线出版日期: 2008-07-02（万方平台首次上网日期，不代表论文的发表时间）