An English housecat named Orlando beat a team of professional wealth managers, and a group of high school students in a year long stock picking contest. The contest had each group picking 5 companies to invest in each quater and by the end of the year the cat had the largest margin of profit. Only one question remains... is Warren Buffet part housecat?
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The cat just took kibbles and catnip as a commission, whereas the pros took 10 percent.
Cats just aren't good capitalists.
Wall Street Journal's dartboard portfolio regularly embarrasses the pros.
I used to know a professional handicapper who would confer with his cat.
He said if the cat agreed with his very capable methods, it would blink. If it did not it would also blink, but Jerry said the difference was in the way the cat would blink.
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