Keynes and Wall Street

Chambers, David and Kabiri, Ali (2016) Keynes and Wall Street. Business History Review, 90 (2). pp. 301-328. ISSN 0007-6805

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Abstract

This article examines in detail how John Maynard Keynes approached investing in the US stock market on behalf of his Cambridge College after the 1929 Crash. We exploit the considerable archival material documenting his portfolio holdings, his correspondence with investment advisors and his two visits to the US in the 1930s. Whilst he followed his enthusiasm for common stocks, he was equally attracted to investing in preferred stocks. His US stock picks reflected his detailed analysis of company fundamentals and a pronounced value approach. Already in this period, therefore, it is possible to see the origins of some of the investment techniques adopted by professional investors in the latter half of the twentieth century.

Item Type: Article
Uncontrolled Keywords: John Maynard Keynes; Wall Street; Stock market
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Divisions: School of Humanities & Social Sciences > Economics
Depositing User: Ali Kabiri
Date Deposited: 02 Aug 2016 08:27
Last Modified: 09 Jun 2020 15:00
URI: http://bear.buckingham.ac.uk/id/eprint/147

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