At the end of 2006, a Dutch TV program asked some professional Dutch investment analysts to pick their 5 favourite stocks for 2007. At the same time, they put 49 balls with names of companies into the pool at the Dolphinarium in the town of Harderwijk, and the first 5 balls that were thrown out by the dolphins made up the dolphins' investment portfolio. The result at the end of 2007? Investment analysts: return -/- 10% (minus 10%), dolphins: + 25% (plus 25%)
Wednesday, 2 January 2008
Dolphins are great investment analysts
At the end of 2006, a Dutch TV program asked some professional Dutch investment analysts to pick their 5 favourite stocks for 2007. At the same time, they put 49 balls with names of companies into the pool at the Dolphinarium in the town of Harderwijk, and the first 5 balls that were thrown out by the dolphins made up the dolphins' investment portfolio. The result at the end of 2007? Investment analysts: return -/- 10% (minus 10%), dolphins: + 25% (plus 25%)
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