Club Mulgoa

Sunday, October 27, 2013

Idiots running the show

Lots of people pay huge amount of money to idiots running their savings.

When a bunch start to move money from bonds to stocks, the rest follow like lemmings.  The move has started so it will soon be an avalanche.  That means the stock markets all over the world will do the same.  There is no real logic other than the momentum.  And these idiots are paid huge bonuses because their performance will seen to be tremendous yet all they did was... follow the bunch.

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