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Monkeys throwing darts have produced better results than most hedge funds.
by alexb_ 5y ago
Monkeys throwing darts have produced better results than most hedge funds.
- bidirectional 5y agoThey definitely haven't. The paper I think you're alluding to showed that monkeys picking 30 random stocks from a 1000 stock universe performed better than a capitalisation-weighted index of the 1000 stocks. However the former will obviously have greater exposure to small-cap stocks, which were known to outperform the bigger stocks.