Investing LIES!! A Catastrophe for People Who Trust Investment Professionals!!!

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Andy Xie, former Morgan Stanley star economist, wrote: While rational expectation is returning to part of the investment community, most are still trapped in institutional weaknesses that make them behave irrationally. The Greenspan era has nurtured a vast financial sector. All the people in the business world need something to do. Since they invest with other peoples money, they are biased towards bullish sentiment. Otherwise, if they say its all bad, their investors will take back the money, and they will lose their jobs.Governments know that and create noises to give them excuses to be bullish.

This institutional weakness has been a catastrophe for people who trust investment professionals. In the past two decades, equity investors have done worse than owning bonds in the U. S. market, lost big in Japan and emerging markets in general. It is astonishing to see how a value-destroying industry has lasted for so long. The bigger irony is that the people in this industry have been 2-3 times as well paid as in other industries. The key to its survival is volatility. As markets collapse and surge, it creates the possibilities for getting rich quickly. Unfortunately, most people dont get out when markets are high like now. They only go through the ride.

http://english.caijing.com.cn/2009-06-09/110180019.html

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[Growby10]

@mrxack- but look at my rating and you should READ the hate filled email/messages i get about this video. I'm not attacking peter...i'm just telling people to use their OWN brains and not just to follow blinding. And for this advice....i get attacked?!?! thanks for your comment!

[gli96187]

Great insight, You you always be objective with information and think for yourself. Also it is good to be skeptical with information from talking heads. Financial cable channels like cnbc and bloomberg should not be believed they are just there to sell you on their investments and not are out your best interest.

[Growby10]

@gli- exactly! but too bad so few people feel that way that we do. thanks for your comments. please sub and also check out my new live channel on livestream.

[Growby10]

Insightful comment - left by Anonymous

Trusting Investment professionals means trusting people who follow the market bubble. They have know idea what really is going on. The almost always make only on the upside but have no idea how to make money in the a real economy. The bubble has popped, people better educate themselves about their own money.

[stangeriam]

I believe you! I often think about why certain figure heads have been given the exposure...such as Faber, Schiff or Max Keiser. Part of me wants to trust them....but really! Why do the "elite" let them speak their word on air?

[oppressedinjc]

*****Excellent discussion!

[universalmusac]

It becomes a self-fulfilling prophecy, they convince people to invest and people invest. That's why you can invest in index funds.

[TeunisD]

With you, I think about Mike Maloney, Silver Seller. Who says silver will rise. But ofcourse he will, he sells silver!

[eatandtravel]

Yep, you know the game.

[AirelonTrading]

Dow at 8500 when the vid was made

Dow now at 10,000

Bullishness obviously pays. Combine that with the power of leverage on index futures, $ up or down, you can always make more than however much the $ is falling.

Just got down with a dollar short as matter of fact. It's a leveraged instrument.

[NAVYGOLDEIGHTFOUR]

It helps from a reality check point to have your suspicions vetted from time to time, especially when they really help justify those suspicions. Andy Xie looks to be a pretty credible "insider" whom, based on the apprent reason he left Morgan Stanley, I can trust. It appears he just got fed up with the destructive nature of his industry. I was in the financial services industry at the agent level 15 years ago, at that level and time you could see corruption. I am not surprised it will fail.

[mrzack888]

i agree, peter Schiff is not complete. There are massive gaps to his advice.

[1mealperday]

when our leaders say the economy Fundamentals are sound it blew me away as we are not producing. product must be made/ created to trade. lies and more lies .iam sick of lies.