You are viewing a single comment's thread from:

RE: Why Technical Analysis in Trading is 100% Bullshit

in #psychology8 years ago

Let's not forget these gems:

http://www.marketwatch.com/story/how-hedge-fund-geniuses-got-beaten-by-monkeys-again-2015-06-25

http://www.telegraph.co.uk/finance/personalfinance/investing/9971683/Monkeys-beat-the-stock-market.html

http://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/

"Ten million portfolios containing stocks randomly selected as if by monkeys managed to produce better profits than a tracker fund over 40 years, academic research has concluded."

"The average hedge fund has produced a worse investment performance in the first half of this year than a portfolio consisting of a savings account at your local bank and a random collection of stocks picked by a blindfolded monkey."

Sort:  

Don't have the source, but there was also a study with a cat throwing a dead mouse on stocks, who did better than professional traders :D.

Moral of the story: If someone tells you that they know the future, don't believe them. They are full of shit.

Cats and mouses? This is getting better and better ahahahaha

I laughed so hard with these. indeed gems @alexgr