Mee-ouch! Once again, a furry friend from the animal kingdom won another stock picking contest. It started with Lusha, the scooter-riding circus primate, making a monkey out of the competition. Now, Orlando, the stock-picking feline, outpurrformed the professionals. Mark and Tom dig into the not so flattering numbers that show stock picking may soon be going to the dogs...literally.
Books/publications referenced or shown:
A Random Walk Down Wall Street, by Burton Malkiel, 1973 edition
A Random Walk Down Wall Street, by Burton Malkiel, 2010 edition
Economics, by Paul Samuelson, second edition
Fooled by Randomness, by Nassim Nicholas Taleb
Proof that Properly Anticipated Prices Fluctuate Randomly, by Paul Samuelson