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Aviva Investors: Blindfolded monkeys vs investment professionals

Investment commentary for Financial Adviser and Paraplanners

8 Oct 2018

Aviva Investors: Blindfolded monkeys vs investment professionals

In 1973 economist Burton Malkiel, a Princeton University professor, claimed that “a blindfolded monkey throwing darts at the stock listings” could do as well as an investment professional.

I am terrible at darts, so in a game of darts I can say with a high degree of certainty that a blindfolded monkey would give me a good thrashing. But is there any merit in the statement that a completely random approach to stock picking would deliver a better outcome than an analyst poring over company reports?

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