A Russian circus chimpanzee named Lusha picked stocks that tripled in value over a year's time. Lusha was presented with cubes representing 30 different stock options and selected eight to invest money in by picking the cubes. Her chosen portfolio outperformed 94% of Russian investment funds!
Link -via Blame it on the Voices
'She bought successfully and her portfolio grew almost three times. She did better than almost the whole of the rest of the market,' said editor of Russian Finance magazine Oleg Anisimov.
He questioned why so-called financial whizz-kids are still receiving hefty perks for their expertise .
'Everyone is shocked. What are they getting their bonuses for? Maybe it's worth sending them all to the circus.'
Link -via Blame it on the Voices
Who picked the 30 stock options? How did the 8 she selected compare with the other 22?
I just find it hard to believe that the owner just threw $21,000 at a chimp and let it decide with no help.
Posted to my blog:
http://tgenews.wordpress.com/2010/01/14/its-a-sad-day-when-a-chimpanzee-investor-outperforms-russian-bankers/