Market Speculation Quotes
This quote is misattributed to Keynes. The first recorded version of this was a 1986 presentation given by Gary Shilling, an influential financial advisor twice named Wall Street’s top economist in a poll conducted by Institutional Investor magazine, as reported by The Advertiser newspaper of Montgomery, Alabama. The next recorded evidence is a Forbes article by Shilling in February, 1993. See linked quote.
Speculation meant real estate investment and business.