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Title: federal reserve system

Essay Details:

Subject: History

Author: Donna T

Date: May 15, 2014

Level: University

Grade: A

Length: 5 / 1436

Essay text:

It was Keynes' theory that the keys to investing came from supernatural or psychic means. He applied psychological rather than financial principles to the study of the stock market. He believed that it was not only too difficult but also quite time consuming to determine the intrinsic value that would yield a promising return on investments. He thought that it should not take all of that. He proposed that the best way to do so was estimating which investment situations that the public would focus on and then buying "before the crowd." In other words, instead of picking out six out of a hundred stock based on how attractive they may have looked on the outside, it was better to select those stocks that the public were more likely to like the best...

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