It goes without saying that the pros were a little disconcerted by the competition. So how did they do over the three-month time horizon?pic.twitter.com/vonOpZ4qHp
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This is hilarious. A Norwegian TV programme pitted some professional stock-pickers against an astrologist, some beauty bloggers and - i kid you not - cows shitting in a field. (short thread).pic.twitter.com/LfNY7yWXZY
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Well, the astrologist did the worst, slightly underperforming the Norwegian stock market over the period.pic.twitter.com/279p6ce0VN
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The pros did manage to beat the index, but basically did as well as the defecating cows - led by star stockpicker Gullros.pic.twitter.com/mMOFCP0twf
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(Naturally, the professionals bragged about how their returns were far less volatile than the cows')
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But the beauty bloggers smashed it, beating cows, pros, astrologer and the index with a 10% return over the period. This despite not knowing any of the companies, even Norsk Hydro (one of the oldest and biggest in Norway)pic.twitter.com/veBOe55olH
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However, the presenters did a twist towards the end, showing that their own portfolio thumped everyone else.pic.twitter.com/SEgquq1jhx
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But that's only because they assembled 20 DIFFERENT portfolios and only showed the one that did the best - to illustrate survivorship bias.pic.twitter.com/OiyCfRuTyZ
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Still, the real star of the show was undoubtedly Gullros. Allocators, get yer checkbooks ready. She is the new Peter. Lynchpic.twitter.com/i21zzCVB9j
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Huge kudos to
@MagnusNome@JOHesselberg and@lnederhoed who wrote and researched this episode of Folkeopplysningen, made for the Norwegian broadcaster@NRKno. Looks like it was fun to make...Prikaži ovu nit
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Well this blew up. I don’t have a soundcloud but I write a lot about this subject (though with fewer crapping cows). If you want to read more here is a history of index funds - which even non-FT subscribers should be able to read through this link.https://on.ft.com/2NA836g
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Have now also written a column on it, naturally featuring some bad jokes. Im so sorry.https://on.ft.com/38x9FG9
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Čini se da učitavanje traje već neko vrijeme.
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