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Buffett would bet on monkeys throwing darts to outperform financial advisers
- marbex7 4y agoReminded of the discussion of survivorship bias in "Fooled By Randomness" (Taleb). Something like a pool of 5000 investment managers each less likely to make a good decision than would a coin toss, would still produce a small population of "masters of the universe" after 5 years.
- LinuxBender 4y agoA similar technique was implemented and produced results using a Goldfish. [1] [1] - https://www.youtube.com/watch?v=USKD3vPD6ZA https://www.youtube.com/watch?v=USKD3vPD6ZA [video] [warning:language]