The Wall StreetJournal just revealed the results of a year-long stock-picking contest which pitted a group of dart-throwing monkeys, I mean newspaper reporters, against a group of high-profile hedge fund managers. The idea for the contest has its roots in Burton Malkiel's famous quote in “A Random Walk Down Wall Street” that “a blindfolded monkey … Continue reading Dart-Throwing Monkeys (AKA Newspaper Reporters) Beat Stock Market Wizards →