It seems that perfection is reached not when there is nothing leftto add, but when there is nothing left to take away.
—ANTOINE DE SAINT-EXUPÉRY
Oddly enough, my experience as a value investor has taught me to keep it simple, stupid (KISS). I have always been a full-time professor—teaching, doing research, writing books, spending time with my spouse, raising six kids. I don’t spend eight hours a day studying stocks or following the stock market. Most days, I don’t even look at stock prices.
Keynes was a master investor, as well as a master economist, and he reportedly made his investment decisions while eating breakfast in bed, though his ...