A stock portfolio comprised of Russian stocks chosen by a chimpanzee tripled in value during 2009, outperforming 94% of Russian fund managers. That's some serious alpha generation.
The chimp's top picks? Too big to fail banks and commodities:
Daily Mail: The money-wise mape was given cubes representing different companies and asked: 'Lusha where would you like to invest your money this year?'
Pausing briefing to think [sic], she then picked out her eight cubes.
Lusha's top picks included banks where shares soon rose a stunning 600 per cent after large-scale support from the Kremlin to weather the crisis.
She missed out on telecommunications which scored a 240 per cent profit, but went for mining companies, up 150 per cent.
The Russian media heaped more scorn on the investment experts saying: 'Lusha made all serious analysts look like clowns.'
One broker hit back: 'If the experiment had taken place a year earlier, the monkey would not have had enough money to pay for her bananas.'
Insecure much? Perhaps the broker's comeback sounds less lame in Russian.
(Hat tip 'John Smith')
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