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Buffett would bet on monkeys throwing darts to outperform financial advisers

9 pointsby coolhoodyabout 3 years ago

2 comments

marbex7about 3 years ago
Reminded of the discussion of survivorship bias in &quot;Fooled By Randomness&quot; (Taleb).<p>Something like a pool of 5000 investment managers each less likely to make a good decision than would a coin toss, would still produce a small population of &quot;masters of the universe&quot; after 5 years.
LinuxBenderabout 3 years ago
A similar technique was implemented and produced results using a Goldfish. [1]<p>[1] - <a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=USKD3vPD6ZA" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=USKD3vPD6ZA</a> [video] [warning:language]