stackyFACTS
Economy

When a monkey’s stock picks beat the experts

HERE’S THE INTERESTING PART

Active stock picking is essentially just astrology for finance bros in Patagonia vests. In 1999, an experiment pitted a dart-throwing chimp against professional portfolio managers. The monkey's random picks generated a 213% return, entirely destroying the "experts" and proving the market is pure chaos.

When a monkey’s stock picks beat the experts
STACKY / Economy
One discovery leads to another.

Keep exploring facts in this topic.

Economy →
STACKY FOR IPHONE

A bigger world.
One discovery
at a time.

Keep discovering with Stacky. Interesting facts in an app that is always within reach.

Download on the App Store
ONE MORE DISCOVERY?

Keep exploring

All in this topic →
First publicly traded company in recorded history was the Dutch East India Company, which officially established the Amsterdam stock exchange in sixteen oh two to crowdfund their incredibly risky global spice voyages.
Economy

First publicly traded company in recorded history was the Dutch East India Company, which officially established the Amsterdam stock exchange in sixteen oh two to crowdfund their incredibly risky global spice voyages.

First publicly traded company in recorded history was the Dutch East India Company, which officially established the Amsterdam stock exchange in sixteen oh…

Discover more
How Domino’s stock beat tech giants for a decade
Economy

How Domino’s stock beat tech giants for a decade

If you had invested $1,000 in Domino's Pizza in 2010, you would have made vastly more money than if you threw it at top-tier Silicon Valley tech giants. After…

Discover more
What incredibly embarrassing truth has Wall Street tried to hide about expert stock picking?
Economy

What incredibly embarrassing truth has Wall Street tried to hide about expert stock picking?

What incredibly embarrassing truth has Wall Street tried to hide about expert stock picking?

Discover more
Investors borrow shares to speculate on absolute failure
Economy

Investors borrow shares to speculate on absolute failure

Haters can literally monetize their pessimism. By borrowing stock and selling it immediately, speculators hope the asset crashes so they can buy it back for…

Discover more
Stock buybacks were once treated as illegal manipulation
Economy

Stock buybacks were once treated as illegal manipulation

Nowadays, when a corporation gets a massive tax break, they immediately buy back their own stock to artificially inflate the share price and enrich their…

Discover more
Norway manages the largest sovereign wealth fund on the planet, possessing well over one trillion dollars in international assets simply because they decided to aggressively…
Economy

Norway manages the largest sovereign wealth fund on the planet, possessing well over one trillion dollars in international assets simply because they decided to aggressively…

Norway manages the largest sovereign wealth fund on the planet, possessing well over one trillion dollars in international assets simply because they decided…

Discover more
StackyMore discoveries in the app
Download on the App Store