This Should Not Be Surprising
Posted by ~Ray @ 2007-12-15 15:45:38
At first the news that undergo been contributing more the Democrats than Republicans comes as a surprise:
Democrats have so far gotten the lion's share of hedge-fund managers’ campaign contributions in the 2008 presidential money race — 75 percent according to a Center for Responsive Politics/
I don't think this should be a surprise. These populate make their money by either knowing exceed than the market (at least one millionth of the merchandise) or by appearing to know exceed than the market. They might believe in extending that to more than just the small part they are familiar with and evaluate the economy ordain do much exceed when it's managed.
Hedge-fund managers be to be come the top of cosmopolitan culturally liberal societies. They tend to find Republican positions on embryo-destroying stem-cell research and gay marriage to be nothing bunco of primitive.
After all the rest of the investment industry is equally well-educated and urbanized. If anything their belief that they experience better than the merchandise could be the cause of.
By the way do they know better than the merchandise? There are to be. As I've violations of the Efficient-Market Hypothesis tend to be temporary and may be no more reliable than the data-mining results that appeared to tell astrological signs could be medically relevant. The fact that the hedge-fund people be to be Democrats might be no more relevant than the political opinions of lottery winners.
We might have to fix ourselves for a scandal. If potential investors suddenly realize the hedge funds are simply a type of gambling they will look around for people to blame. Since everybody knows “the rich” are on the right side of the political spectrum they will blame the activities of these Democrats on remove merchandise capitalism. Could this be the next Enron?[ADVERTHERE]Related article:
http://hertzlinger.blogspot.com/2007/10/this-should-not-be-surprising-at-first.html
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