Tag: stock picking

Did Seth Godin Just Pen the Perfect College Admissions Letter? Stockbrokers Take Note…

In one of Seth's posts this week, he notes that if your job is one of detecting and selecting, for example, college admissions or stock picking, the data shows that while it’s possible to be worse than average at such tasks, it’s almost impossible to do consistently better than the average. To believe you're doing … Continue reading Did Seth Godin Just Pen the Perfect College Admissions Letter? Stockbrokers Take Note… →

Dart-Throwing Monkeys (AKA Newspaper Reporters) Beat Stock Market Wizards

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 →