A estratégia de investimento de Keynes seria fundamentalista?

Autores

  • Joás Evangelista Lima Universidade Federal do Pará
  • Douglas Alcântara Alencar Universidade Federal do Pará

Resumo

Keynes foi um dos mais proeminentes teóricos da economia no século XX. Sua análise influenciou diversos economistas nos anos que se seguiram à ao seu falecimento. É sabido, que boa parte do conjunto de escritos e formulações teóricas do autor, estão diretamente ligados às suas experiências enquanto especulador financeiro e administrador de fundos privados de investimento. No entanto, apesar de ser reconhecido como um autor inovador tanto em seus escritos como em suas práticas de investimento, o debate em torno das semelhanças entre as estratégias de investimento de Keynes e as atuais técnicas de análise e avaliações no mercado financeiro continuam em aberto, teria Keynes empregado após os anos 1930 uma estratégia de especulação e investimento financeiro precursora da moderna análise de mercado fundamentalista? Se sim, que teriam sido as evidências que indicariam tal semelhança? Este artigo tenta responder e indicar possíveis caminhos para a resposta à questão

 

Downloads

Não há dados estatísticos.

Biografia do Autor

Douglas Alcântara Alencar, Universidade Federal do Pará

 

 

Referências

ACCOMINOTTI, Olivier; CHAMBERS, David. If you're so smart: John Maynard Keynes and currency speculation in the interwar years. The Journal of Economic History, v. 76, n. 2, p. 342-386, 2016.

BUFFETT, Warren; LOOMIS, Carol. Warren Buffett on the stock market. Fortune Investor’s Guide, p. 80-94, 2001.

CAVALLI, Nicolò et al. Keynes’s speculation in the London tin market: 1921-1930’. Speculation and regulation in commodity markets: The Keynesian approach in theory and practice, Rapporto Tecnico, n. 21, p. 57-78, 2012

CHAMBERS, David; DIMSON, Elroy. Keynes the stock market investor. Document de travail non publié (Cambridge Judge Business School), 2012.

CHAMBERS, David; DIMSON, Elroy; FOO, Justin. Keynes the stock market investor: a quantitative analysis. Journal of financial and Quantitative Analysis, v. 50, n. 4, p. 843-868, 2015.

CHAMBERS, David; KABIRI, Ali. Keynes and Wall Street. Business History Review, v. 90, n. 2, p. 301-328, 2016.

CRISTIANO, Carlo; MARCUZZO, Maria Cristina. John Maynard Keynes: the economist as investor. Review of Keynesian Economics, v. 6, n. 2, p. 266-281, 2018.

CRISTIANO, Carlo; MARCUZZO, Maria Cristina; SANFILIPPO, Eleonora. The coming of Keynes to Wall Street, 1931-‐‑1939 [S.D].

DOW, Sheila. The psychology of financial markets: Keynes, Minsky and emotional finance. 2010.

FANTACCI, Luca; MARCUZZO, Maria Cristina; SANFILIPPO, Eleonora. Speculation in commodities: Keynes’“practical acquaintance” with futures markets. Journal of the history of economic thought, v. 32, n. 3, p. 397-418, 2010.

FANTACCI, Luca et al. Speculation and buffer stocks: the legacy of Keynes and Kahn. The European journal of the history of economic thought, v. 19, n. 3, p. 453-473, 2012.

FORESTI, Tiziana et al. An analysis of Keynes’s investments in the wheat futures markets: 1925-1935”. Speculation and regulation in commodity markets: The Keynesian approach in theory and practice, Rapporto Tecnico, n. 21, p. 79-105, 2012.

GAZIER, Bernard. John M. Keynes. L&PM Pocket, 2011.

GRAHAM, Benjamin. O investidor inteligente. HarperCollins Brasil, 2016.

GRAHAM, Benjamin e David L. DODD, Security Analysis, 1ª ed., Nova York: Whittlesey

House, McGraw-Hill Book Company, 1934

KEYNES, John Maynard. Teoria geral do emprego, do juro e da moeda. Saraiva Educação SA, 2017.

KEYNES, J, Some Special Aspects of the Credit Cycle. In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes, (CWK I)), Volume. V, Royal Economic Society, 1978. doi:10.1017/UPO9781139520645.023

KEYNES, J, An Exercise in The Pure Theory of The Credit Cycle. In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes (CWK II), Volume V, Royal Economic Society, 1978. doi:10.1017/UPO9781139520645.024

KEYNES, J, Commodity Policy. In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes (CWK III), Volume XXVII, Royal Economic Society, 1978. doi:10.1017/UPO9781139524216.005

KEYNES, J M, Keynes As an Investor. In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes (CWK IV) Volume XII, Royal Economic Society, 1978d. Doi:10.1017/UPO9781139524193.003

KEYNES, J.M, The Industrial Circulation And The Financial Circulation. In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes (CWK V), Volume V, Royal Economic, 1978. Society. doi:10.1017/UPO9781139520645.019

KEYNES, J.M., Changes Due To Investment Factors. In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes (CWK VI) Royal Economic Society, 1978. doi:10.1017/UPO9781139520645.022

KEYNES, J.M, Positive Suggestions For The Future Regulation of Money (1923). In E. Johnson & D. Moggridge (Eds.), The Collected Writings of John Maynard Keynes (CWK VII).1978 Royal Economic Society. doi:10.1017/UPO9781139524162.021

KEYNES, John Maynard. A tract on monetary reform. London, Macmillan, 1923.

KNIGHT, Frank et al. Risk, uncertainty and profit. Vernon Press Titles in Economics, 2013.

KREGEL, jan. Keynes Influence on Modern Economics: Some Overlooked Contributions of Keynes’s Theory of Finance and Economic Policy. The return to Keynes, p. 241-256, 2010.

MARCUZZO, Maria Cristina. Speculation and regulation in commodity markets: The Keynesian approach in theory and practice. 2012

MARCUZZO, Maria Cristina; SANFILIPPO, Eleonora. Keynes as a trader in commodity futures. In: Financial Markets in Perspective. Springer, Cham, 2022. p. 61-81.

MILLMOW, Alex. OSWALD TOYNBEE FALK: KEYNES’MODEL ECONOMIST? Journal of the History of Economic Thought, v. 34, n. 3, p. 397-410, 2012.

MOGGRIDGE, Donald. Maynard Keynes: an economist's biography. Routledge, 1992.

ROBERTSON, Dennis Holme. Banking policy and the price level: an essay in the theory of the trade cycle. PS King and son, LTD., London, 1926.

ROSSELLI, Annalisa. Richard Kahn and the stabilization of commodity prices. Journal of the History of Economic Thought, v. 39, n. 4, p. 483-501, 2017.

SANTIAGO, Hélio. Análise Fundamentalista: Avaliação de Empresas para Investimento em Ações. Capital e Valor, 2019.

SANFILIPPO, Eleonora. Keynes's trading on Wall Street: did he follow the same behaviour when investing for himself and for King's?. Financial History Review, v. 28, n. 1, p. 1-25, 2021.

SICSÚ, João. Keynes and Graham’s intelligent investor. Journal of Post Keynesian Economics, v. 43, n. 1, p. 139-166, 2020.

SKIDELSKY, Robert. John Maynard Keynes: A Biography. Macmillan, 1983.

__________________. Keynes. Oxford: Oxford University Press, 1996.

_________________. Keynes. The Return of the Master. London: Allen Lane, 2009

WALTER, Richard G. Análise fundamentalista e avaliação de títulos: aspectos teóricos. Revista de Administração de Empresas, v. 14, p. 15-32, 1974.

WOODS, J. E. JM Keynes’ influence on institutional portfolio management. Journal of Post Keynesian Economics, v. 41, n. 1, p. 56-82, 2018.

WOODS, John E. On Keynes as an investor. Cambridge Journal of Economics, v. 37, n. 2, p. 423-442, 2013.

WICKSELL, Knut. Interest and Prices, translated by RF Kahn. London, Royal Economic Society, 1936.

Downloads

Publicado

2023-07-27

Como Citar

Evangelista Lima, J., & Alcântara Alencar, D. (2023). A estratégia de investimento de Keynes seria fundamentalista?. Revista De Economia Mackenzie, 20(1), 92–118. Recuperado de https://editorarevistas.mackenzie.br/index.php/rem/article/view/15881

Edição

Seção

Artigos

Artigos mais lidos pelo mesmo(s) autor(es)