FYI
Should You Hire an Ape as Your Investment Adviser?
The
San Francisco Chronicle came up with an amus-
ing way of evaluating how successful investment
advisers are at picking stocks. They asked eight ana-
lysts 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. Jolyn
beat the investment advisers as often as they beat her.
Given this result, you might be just as well off hir-
ing an orangutan as your investment adviser as you
would be hiring a human being!
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12/10/17 11:57 AM
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