The San Francisco Chronicle came up with an amusing
way of evaluating how successful investment
advisers are at picking stocks. They asked eight analysts
to pick five stocks at the beginning of the year
and then compared the performance of their stock
picks to those chosen by Jolyn, an orangutan living at
Marine World/Africa USA in Vallejo, California.
Consistent with the results found in the
“Investment Dartboard” feature of the Wall Street
Journal, Jolyn beat the investment advisers as often
as they beat her. Given this result, you might be
just as well off hiring an orangutan as your investment
adviser as you would hiring a human being!
“Invest in yourself. Your career is the engine of your wealth.”