John F. Wasik - Keyness Way to Wealth: Timeless Investment Lessons from The Great Economist

As I read John Wasiks manuscript, I quickly realized that I had discovered a true gemfascinating, carefully researched, and (as one would expect from a skilled journalist) snappy and eminently readable. I commend it to you.

John C. Bogle, founder, The Vanguard Group;
author, The Clash of the Cultures:
Investment vs. Speculation (from the Foreword)

Intelligent investing ultimately depends on having an intelligent theory of the economy. This story of Keyness life as an investor illustrates this beautifully.

Robert Shiller, professor of economics, Yale University;
columnist, The New York Times;
author, Finance and the Good Society

The great economist John Maynard Keynes speculated and lost big-time. Out of the ashes, he evolved some great long-term investment strategies that will work for every prudent investor. While picking up tips, youll also find that this book is a great read.

Jane Bryant Quinn, author,
Making the Most of Your Money NOW

Id always heard Keynes was a talented investor but never knew any of the details. John Wasiks excellent book uncovers that story and reveals Keyness considerable investing skills. If you enjoy studying great investors, add this book to your list.

Joe Mansueto, founder and CEO, Morningstar, Inc.

With the possible exception of Mark Twain, no one surpasses John Maynard Keynes as a source of pithy financial wisdom and sayings. John Wasiks marvelous Keyness Way to Wealth mines the reasoning and investment experiences behind his quotability, a bounty that will simultaneously edify, entertain, and augment your bottom line.

William J. Bernstein, author, Masters of the Word:
How Media Shaped History; principal, Efficient Frontier Advisors

John Wasiks book explodes the myth that John Keynes was a one-trick pony simply espousing government intervention in the economic system. It examines Keyness little-known role as money manager during volatile times, with his stock-value, opposing-risk, and behavioral concepts providing a successful strategy that has merit for todays investors.

Andrew Leckey, President, Reynolds National Center
for Business Journalism/Reynolds Endowed Chair in
Business Journalism, Arizona State University

Wasik has done a wonderful job showing how Keynes made the transition from trader to a buy-and-hold value investorwho would have made Graham, Dodd, Buffett, and John Bogle proudand shows you the path to follow in his footsteps.

Larry Swedroe, principal and the director of research for the
BAM Alliance; author, Think, Act, and Invest Like Warren Buffett

John Wasik does a fantastic job of linking economist John Maynard Keyness economic thoughts to the decisions he made handling wealth on a day-to-day basis. In simple and easy-to-understand language, Keyness Way to Wealth elucidates how Keynes thought about money in the most real way of all and offers valuable incites into his evolution as a writer, economist, and investor.

Helaine Olen, author, Pound Foolish: Exposing the
Dark Side of the Personal Finance Industry

Richard Nixon once said that we are all Keynesians now. But when it comes to our personal investing, only people like Warren Buffett are. Read this wonderful book by John Wasik explaining how Keynes made and protected his own fortune. If we follow the Keynesian investing program set out in this book, we are far more likely to secure the economic future of our grandchildren.

Thomas Geoghegan, attorney; author, Only One Thing Can Save Us:
Why Our Country Needs to Snap Out of It and
Have a New Kind of Labor Movement

John Wasik has written a fascinating account of Keynes as an expert investor in commodities, stocks, and bonds. I recommend it to anyone with an interest in Keynes or in investing.

Zvi Bodie, professor of management, Boston
University; coauthor, Risk Less and Prosper More

Johns book is a must-read. It provides timeless investment principles through a profile of one of the most fascinating economists in world history. The book provides lessons and advice every investor must know and pragmatic, time-tested ways to build andalmost as importantlymaintain wealth. Its a must-read for every novice as well as highly seasoned investor.

Andrew Stoltmann, Chicago attorney and investor advocate

Keyness Way to Wealth does for economics what The Intelligent Investor did for picking stocks. Wasik allows us to stand on the shoulders of the most important financial thinkers of the last 100 years. Then he goes one step beyond. You learn the story of the man himself. What were his mistakes and successes that sparked great thoughts? Wasik breathes new life into the most important figure in finance, ever. Keynes was more than an economic thinkerhe was a man that that experienced firsthand the agony and ecstasy of financial markets.

Lee Munson CFA, CFP, Chief Investment Officer, Portfolio, LLC

John Wasik does it again! Keyness Ways to Wealth gives new insights into how the worlds most famous economist invested. It was revealing to discover that he was not only an innovative money manager, but one who became wealthy guiding several portfolios using what would become value-based principles later used by Warren Buffett and others.

Tom Lydon, publisher, ETF Trends

John Wasik surprises us with the story of a money manager and unexpected capitalist: John Maynard Keynes.

Susan Antilla, financial writer and author,
Tales from the Boom-Boom Room:
The Landmark Legal Battles That Exposed Wall Streets
Shocking Culture of Sexual Harassment

Economist John Maynard Keynes, who died in 1946, remains a political lightning rod on the left and right. Wasik reveals a Keynes we dont know. He was a man who through trial and error and, as Wasik says, a lot of gumption devised a sensible strategy for all investors, whether they watch Fox or MSNBC.

Bill Barnhart, former financial columnist, Chicago Tribune

The author of this book sets out to fill a gap in the vast literature on Keynes, namely his investment philosophy analyzed in the context of his life, work, and legacy. It is a creditable endeavor, offering a very readable account that will doubtless appeal to the nonspecialist, but also to scholars who may not be as knowledgeable about Keyness investments as the author of this book.

Maria Cristina Marcuzzo, professor,
Universit di Roma La Sapienza

In his latest book, Keyness Ways to Wealth, John Wasik pens an exceptionally well-researched and compelling treatise of an often overlooked aspect of John Maynard Keynesthat he was a risk-averse speculator who bet his own, and other peoples money, on commodities, currencies, stocks, and bonds during a time that preceded the existence of traditional institutional hedge fund or money managers. In this fascinating account, and without wading into weighty economic discourse best left to theoreticians, Wasik shows how Keyness role as a successful value-investor capitalist during war and the Depression, as much as or perhaps more so than his academic background, provided the foundation upon which his economic theories and financial practices were formulated.

Nomi Prins, author, All the Presidents Bankers;
former managing director, Goldman Sachs

Copyright 2014 by John F. Wasik. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.