Any Monkey Can Beat The Market
professor Burton Malkiel claimed in his bestselling book, A Random Walk Down Wall Street
, that “A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.”
“Malkiel was wrong,” stated Rob Arnott, CEO of Research Affiliates, while speaking at the IMN Global Indexing and ETFs
conference earlier this month. “The monkeys have done a much better job than both the experts and the stock market.”"