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Monkeys would outperform fund managers

04 April 2013 •

Monkeys selecting stocks at random would have easily outperformed the US stock market over the last 40 years, according to research.

Cass Business School researchers created 10 million ‘monkey' fund managers by programming a computer to randomly pick and weight each of 1,000 stocks over 43 years. They found every one of the m...

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