Gold Core

Monkey actually beats fund managers

Published by under News |

"A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by the experts." Burton Malkiel, A Random Walk Down Wall Street.

As reported in the Daily Mail on 13th January, Lusha, a scooter-riding chimp for the Moscow circus had about £21,000 to invest. She was given a list of stocks from which to pick and eight cubes, which she was instructed to place next to her selections, according to Daily Mail.

At the end of the term, Lusha’s picks had nearly tripled in value and she had outperformed 94% of Russia’s fund managers. Her performance prompted the Russian media to report that “Lusha made all serious analysts look like clowns.”

Please click the image to view the original story