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It contrasts pseudoscience with the limits of technical analysis and stresses that wealth building depends on research, undervalued assets, and time and compounding. The issue also covers themes across markets and companies, including diesel supply constraints, South Korea’s bargain e-commerce landscape, luxury shifts in the rich list, and celebrity-driven finance angles, plus event and summit details.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":53,"@type":76,"position":81},"https://docshare.wps.com/document/lifestyle/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/moneyweek-issue-1334-16-october-2026/608607/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/moneyweek-issue-1334-16-october-2026/608607.png","ImageObject",300,407,{"name":92,"@type":93},"Nguyễn Văn Học","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-18","2026-10-17",true,{"@type":102,"interactionType":103,"userInteractionCount":8},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Why does the editor criticize astrology as financial advice?","Question",{"text":112,"@type":113},"The editor calls astrology a persistent pseudoscience and argues that it is irritating, misleading, and driven by a desire to see the future rather than do research.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the issue compare superstition, technical analysis, and wealth building?",{"text":117,"@type":113},"It notes that investors still use astrology and lucky-number beliefs, and it also discusses how technical analysis based on chart patterns has followers but limited usefulness. The issue concludes that getting rich quickly is not a wealth-building strategy and that thorough research, cheap assets, and time plus compounding matter more.",{"name":119,"@type":110,"acceptedAnswer":120},"What does the issue say about online investors acting on social media tips?",{"text":121,"@type":113},"It reports that a large share of UK investors have acted on advice or tips seen on social media, and that almost a fifth of those acting on a “finfluencer” recommendation have lost money.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},608607,1792349037,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":52,"category_name":53,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":8,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":36,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144},1374402739827,"https://ap-avatar.wpscdn.com/avatar/14000c97e7351f1a627?x-image-process=image/resize,m_fixed,w_180,h_180&k=1787885694763230660","MARKETS P4 The huge supply squeeze in diesel  \nCOMPANIES P28 South Korea’s Amazon is a bargain  \nPLUS  \nStar Wars market goes galactic COLLECTABLES P36  \nMAKE IT, KEEP IT, SPEND IT 16 OCTOBER 2026 | ISSUE 1334  \nPlace your bets  \nThe future of gambling Page 24  \nHELPING YOU GROW AND PROTECT YOUR WEALTH SINCE 2000  \n16 October 2026 | Issue 1334  \nBritain’s best-selling financial magazine  \nFrom the editor-in-chief...  \n“Millionaires don’t use astrology; billionaires do.”I appreciate that Iam a picky Virgo, but this absurd dictum–often falsely attributed to J.P. Morgan, who developed an interest in astrology later in life–is oneof the most irritating pieces of financial advice out there.  \nAstrology is a surprisingly persistent pseudoscience. Investors are still especially taken with it in India, as The Economist pointed out last week. Online courses there claiming to forecast stockmarket movements with astrology cost between £280  \nThe stars can’t tell you what will happen to stocks  \n“More than 40% of UK investors have acted on  \nin most cases, is an attempt to see into the future with a simple strategy, whether this is looking at patterns in a chart or patterns in the stars. This proclivity has been reinforced by the age of 30-second reels and instant gratification.  \nIn the end, though, trying to get rich quickly is no wealthbuilding strategy. Investment is a matter of thorough research, buying cheap assets and letting time and compounding do their work. Getting rich slowly, in other words. You can deserve success, but you can’t command  \n© Getty Images  \nit. The panicked and misguided attempt to leave nothing to chance  \nand £355, and “it is not uncommon for money managers to be part of WhatsApp groups run by astrologers”. In China and Taiwan, another form of superstition sees traders overpay for stocks with a connection to the lucky number eight, thus ensuring poor returns.  \nReading the runes  \nMoving beyond complete hokum, technical analysis, the practice of predicting the course of asset markets based on chart patterns, retains a following in Western markets, although its popularity has dwindled in the past two decades as a series of crises reminded everyone that financial fundamentals are far more important (see Omar’s analysis of what has happened to the practice on page 20). In the 2000s, MoneyWeek would occasionally feature a chart with a head-  \nand-shoulders pattern, or highlight research panicking about Elliott Waves (see page 22). Chartism seemed popular enough then that knowing which patterns traders were obsessing about could arguably help discern one of the shorter-term influences on a stock or index. It could therefore become potentially self-fulfilling, rather like the Keynesian beauty contest. Beyond that, it has always seemed too obscure or subjective to be of much help.  \nThe latest craze appears to be online financial influencers, a ragbag of advisers trumpeting investment or trading strategies, many of which are nonsense. So much so, infact, that according to investment platform IG Group, 41% of British investors have acted on advice or tips they saw on social media, and almost a fifth of investors acting on advice from a “finfluencer” have lost money. The underlying theme here,  \nleaves everything to chance.  \nThere are still tickets left for MoneyWeek’s Wealth Summit on Friday, 6 November at the Together venue in the City. This year’s theme is The Age of Change:  \nInvesting in a world of technological, political and financial revolutions. Highlights include a conversation  \nwith historian and bestselling author Peter Frankopan; presentations on commodities, defence and the investment implications of AI; and a panel on what the Budget will mean for your money. Subscribers receive a discount of almost a third on the ticket price. See [moneyweekwealthsummit.co.uk/2026](moneyweekwealthsummit.co.uk/2026)[ ](moneyweekwealthsummit.co.uk/2026)[for more.](for more.)  \nAndrewVan Sickle  \n[editor@moneyweek.com]","cbCaiulUocsDeKmd","https://ap.wps.com/l/cbCaiulUocsDeKmd","pdf",15545374,"English","# Place your bets\n## The future of gambling","[{\"question\":\"Why does the editor criticize astrology as financial advice?\",\"answer\":\"The editor calls astrology a persistent pseudoscience and argues that it is irritating, misleading, and driven by a desire to see the future rather than do research.\"},{\"question\":\"How does the issue compare superstition, technical analysis, and wealth building?\",\"answer\":\"It notes that investors still use astrology and lucky-number beliefs, and it also discusses how technical analysis based on chart patterns has followers but limited usefulness. The issue concludes that getting rich quickly is not a wealth-building strategy and that thorough research, cheap assets, and time plus compounding matter more.\"},{\"question\":\"What does the issue say about online investors acting on social media tips?\",\"answer\":\"It reports that a large share of UK investors have acted on advice or tips seen on social media, and that almost a fifth of those acting on a “finfluencer” recommendation have lost money.\"}]","MoneyWeek - Issue 1334 - 16 October 2026 | PDF",1792273019,62]