Chimpanzee clobbers investment funds with performance
The following comes courtesy of the Mail Online:
“They are paid a fortune for their ability to make complex decisions about where to invest millions of pounds every single day. But perhaps the job of an investment banker is not quite as difficult as it might seem.
“A chimpanzee in Russia has outperformed 94% of the country’s investment funds with her portfolio growing by three times in the last year. Moscow TV reported how circus chimp Lusha chose eight companies from a possible 30 in which to invest her one million roubles – around £21,000.
“The money-wise ape was given cubes representing different companies and asked: ‘Lusha where would you like to invest your money this year?’ Pausing briefing to think, she then picked out her eight cubes.
“‘She bought successfully and her portfolio grew by almost three times. She did better than almost the whole of the rest of the market,’ said editor of Russian Finance magazine Oleg Anisimov.”
Any comments, dear readers?
Source: Will Stewart, Mail Online, January 13, 2010.
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