31 Jan '13, 8am

Cat outperforms professionals in stock market

Cat outperforms professionals in stock market

In 2012, a British newspaper ran a year-long experiment to see who could pick the most profitable stocks: professional investment managers, students or an orange tabby cat named Orlando. Orlando won by amassing 5,542 British pounds to the investors’ 5,176 pounds. The students finished with 4,480 pounds. At the beginning of the year, each team was given 5,000 pounds to invest in five companies from the FTSE All-Share index. Every three months they were allowed to trade their stocks. Orlando made his stock selections by throwing a toy mouse onto a grid of numbers representing different companies. During the last quarter of 2012, all but one of Orlando’s stocks rose, including plastics company Filtrona, which the financially savvy feline had swapped for underperforming Scottish American Investment Trust in September. The professional investors refused to swap any of their sto...

Full article: http://www.mnn.com/family/pets/stories/cat-outperforms-pr...

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