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Should You Hire an Ape as Your Investment Adviser?
ngapat
#1 Posted : Monday, April 16, 2012 5:19:40 PM
Rank: Member


Joined: 12/11/2006
Posts: 830
The San Francisco Chronicle came up with an amusing
way of evaluating how successful investment
advisers are at picking stocks. They asked eight analysts
to pick five stocks at the beginning of the year
and then compared the performance of their stock
picks to those chosen by Jolyn, an orangutan living at
Marine World/Africa USA in Vallejo, California.
Consistent with the results found in the
“Investment Dartboard” feature of the Wall Street
Journal, Jolyn beat the investment advisers as often
as they beat her. Given this result, you might be
just as well off hiring an orangutan as your investment
adviser as you would hiring a human being!
“Invest in yourself. Your career is the engine of your wealth.”
The Merchant
#2 Posted : Monday, April 16, 2012 5:48:53 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
hehehehhehe! messed up!
QW25091985
#3 Posted : Monday, April 16, 2012 7:35:01 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
lol
Mastermind
#4 Posted : Monday, April 16, 2012 10:27:33 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,525
Location: Langley
Haha
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
pariah
#5 Posted : Tuesday, April 17, 2012 10:25:17 AM
Rank: Member


Joined: 11/24/2011
Posts: 833
lollest sounds like one DSL
Nivensi81
#6 Posted : Wednesday, October 24, 2018 12:38:34 PM
Rank: Hello


Joined: 10/16/2018
Posts: 1
Thanks for sharing this information. Even I am in favour of taking professional help when it comes to money matters. My dad has always been around telling me about terms like equity and Capital gain Bonds. These are going to be helpful in future and so I am considering taking professional advice.
hardwood
#7 Posted : Wednesday, October 24, 2018 3:08:58 PM
Rank: Elder


Joined: 7/28/2015
Posts: 8,415
ngapat wrote:
The San Francisco Chronicle came up with an amusing
way of evaluating how successful investment
advisers are at picking stocks. They asked eight analysts
to pick five stocks at the beginning of the year
and then compared the performance of their stock
picks to those chosen by Jolyn, an orangutan living at
Marine World/Africa USA in Vallejo, California.
Consistent with the results found in the
“Investment Dartboard” feature of the Wall Street
Journal, Jolyn beat the investment advisers as often
as they beat her. Given this result, you might be
just as well off hiring an orangutan as your investment
adviser as you would hiring a human being!

Laughing out loudly Laughing out loudly Laughing out loudly
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