 |
| "I cashed in my stinking shares for silver" |
Original source
Professional wealth managers have long been criticised for charging more than their services are actually worth.
But getting routed by an animal that spends 20 hours a day either asleep or scratching itself is a new low.
In a recent stock-picking challenge, the UK Observer newspaper pitted a trio of investment managers against two groups of amateurs: a handful of high school students, and a house cat named Orlando.
The cat won.
Each team started the year with £5000 ($A7621) in capital to invest in five companies from the FTSE All-Share index. After each quarter, they could swap out whatever stocks they chose, if any.
While the two-legged participants picked stocks the old-fashioned way, Orlando chose by tossing a toy mouse onto a grid of numbers that designated different companies.
Read more: http://www.smh.com.au/executive-style/culture/moggy-shames-experts-in-shares-game-20130115-2crbz.html#ixzz2I6lYywcd
No comments:
Post a Comment