Cat better at picking stocks than professional finance gurus1/15/2013
British newspaper The Observer has proved that share prices are unpredictable — or that all you need to play the market and win is a cat. The paper conducted a year-long experiment, handing out £5000 (around $8000) to be invested in five companies from the FTSE All-Share index by three different teams: one consisting of professional wealth managers; one of secondary school students; and one of Orlando, an ordinary ginger cat who selected his stocks by throwing his favorite toy mouse on a grid of numbers allocated to different companies. At the end of the year's final quarter Orlando's portfolio was worth £5,542.60, compared with the professionals' £5,176.60. [Source]
Click to see more on msnNOW.com, updated 24 hours a day.
What's your secret for playing the market?