News Analysis: Financial Astrology Works For Believers; It Cannot for Those who Do Not. Much as Investment Funds get people to give them their monies to invest; the Donors must Believe (that is essential). They typically charge 2% to 5% of the Investment and 20% to 25% of Profits. Their so-called “Investment Prescience” of these ‘Geniuses’ rewards them handsomely. Yet, the investment research and decisions typically are no better than of other Investors. They may as well throw darts at a dartboard. If the Investment Funds Management allegedly “Calls A Decline” as in 2008, for example, they are widely touted in the Financial Press for their “Vision”. Anyone reading the newspapers who could put “Two and Two” together could foresee a collapse coming. In Real Estate, for example, the availability of credit was provided to about anyone. How was that ‘Sound’? What “Rocket Scientist” ability was needed to determine the “Fundamentals” were being compromised?
The Naivete of Corporate Managements prior to 2008 is astounding. They invested in expansions everywhere. Did they or their Advisers not have the Wisdom to see the impending “Crash”? Apparently not.
Some Governments went along with Profligate Spending from 2000 to 2008. Were their advisers also asleep?
A Concept to remember is that: “For those who lose monies, there are those who gain those monies”. Who in the media discuss the obvious Inordinate Gains made during that period. The monies went to “Somebodies”. Were the “Somebodies” ‘Non-Believers’ who relied on their own Research and Investments to see the 2008 Debacle approaching (and proceeded accordingly)? They are NOT discussed nor are their Gains.
Financial Astrology requires a Belief in the Effects of the Heavens on Man and also on the Belief in the Alleged Abilities of Hire-able Financial Advisers (Funds). One thing is certain: Financial Advisers/Astrologers can be of benefit (to themselves). Guaranteed.
Reality.
Reference: http://tinyurl.com/kgcd9om