Here at “My Back Pages,” I recently covered analysts' incompetent stock picking. Specifically, I wrote, “At best, analysts are no better than, 'a blindfolded monkey throwing darts at a newspaper’s financial pages.'”
Well, it turns out that a monkey in Russia, sans blindfold, actually ran an investment portfolio last year that outperformed 94% of all the country's investment funds. (HT, Neatorama)
Asked for a comment, all one analyst had to say was, “No fair! She took off the blindfold!!”