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A monkey can outperform the market consistently..

Burton Malkiel’s famous 1973 book,

A Random Walk Down Wall Street, proposed that a blindfolded monkey throwing darts at a newspaper's financial pages could pick stocks as well as professional fund managers. This "Random Walk Theory" suggests stock prices are unpredictable, meaning active management rarely outperforms a passive, random strategy. 

Real-World Trials: In a 1999 experiment, an orangutan named Jolyn at the San Francisco Chronicle outperformed all but one professional investor. Similarly, in 1997, a chimp named Orlando picked stocks that gained 60%.

Performance: A Yahoo Finance report indicated that in 98 out of 100 simulations, "monkey" portfolios beat the market from 1964 to 2010.

I have a confession to make.

My secret indicator?

I let my cat walk on my keyboard.

Whatever ticker she steps on, I buy.

She's up 12% YTD.

Happy April 1st.

Apr 1
at
8:41 AM
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