It turns out that John Maynard Keynes, the father of modern macroeconomics, was a bit of a speculator. A September 2014 study by academics at Cambridge and the London School of Economics found that Keynes was an avid, but mediocre, currency trader.
Olivier Accominotti of the London School of Economics and David Chambers of Cambridge University reviewed the trading record of John Maynard Keynes during the 1920s and 30s, and found that while he employed sophisticated macroeconomic techniques in his trading strategies, his results were less than spectacular.
John Maynard Keynes used sophisticated trading strategies
The research indicates that Keynes used his knowledge of macroeconomics and the international financial and political scene of the time to speculate in foreign exchange markets. The researchers note his trading strategy involved a sophisticated analysis of macroeconomic fundamentals compared to the simple rules-based strategies characteristic of modern currency markets (the carry trade and momentum).
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