Celebrating humanity's flourishing through the spread of capitalism and the rule of law
30 Jan 2015 Leave a comment
in entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, index linked investing, John Maynard Keynes
An excellent link by a great blog I have just come across.
Interesting post by Ben Carlson.
Keynes managed an average return of 13.2% in the period 1928-45. The markets gave a return of -0.5% in the same period. This was an exceptional performance albeit came with much higher volatility. So would he have been fired for this performance?
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