Apes together strong

Warren Buffett famously said that a monkey could have made more money by investing in stocks picked up by throwing darts at a stock page than Donald Trump had made through his Hotels and Casino Business.

In an interesting experiment (link, paywall), the staff at WSJ picked up 10 random stocks by throwing darts on Barron's listings. They went on to invest in these stocks for a year to conveniently coincide with the prestigious SOHN Investment conference  in New York this week.

Unsurprisingly, WSJ's "monkey stocks" outperformed the handpicked SOHN portfolio by a huge margin. The same stocks also outperformed the S&P.



And all of this happened ironically during the presidency of Donald J Trump, whose critics have often compared him to (double irony) an Orangutan.

Investing is no monkey business, of course. But it is a banana republic out there.

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