Funny,
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Stock analysis is a complex field that people spend their lives and careers carefully studying. A Norwegian TV experiment has just shown, however, that investment know-how might as well be, in the most literal sense, a bunch of BS.
On the program Økonomiekspertene, Norway’s national broadcaster NRK gave 10,000 Norwegian kroner ($1,122) each to four teams to see where they would choose to invest it and what return they could get in three months. The competitors: two stockbrokers, an astrology expert, two beauty bloggers, and a herd of cows. The cows were allowed to roam over a grid of 25 company names and do what cows do. The producers then invested the cows’ money in the stocks on which the most cow patties had landed.
These cows’ investment decisions were as good as the pros
Image credits: RobinWigg
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Image credits: RobinWigg
Image credits: RobinWigg
ADVERTIsem*nT
Image credits: RobinWigg
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Lili North
Lili North
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Lili ended up in Vilnius, Lithuania out of her curiosity for studying languages, and stayed here out of sheer willpower. She loves cats maybe even a little more than the internet average and enjoys cooking videos despite only fantasizing about being able to make anything more complicated than fried rice.
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Ilona Baliūnaitė
Ilona Baliūnaitė
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I'm a Visual Editor at Bored Panda since 2017. I've searched through a multitude of images to create over 2000 diverse posts on a wide range of topics. I love memes, funny, and cute stuff, but I'm also into social issues topics. Despite my background in communication, my heart belongs to visual media, especially photography. When I'm not at my desk, you're likely to find me in the streets with my camera, checking out cool exhibitions, watching a movie at the cinema or just chilling with a coffee in a cozy place
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Hans Hans Community Member Follow
Please do not say "proves". In a world of fake news and distrust in science, we need to be careful. Even a longitudal scientific study with huge amount of data could only make suggestions and propose theories. However, _showing_ that astrology sucks is always a good thing. And debunking the myth that stocktrading is a craft is also fine.
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Grumble O'Pug Grumble O'Pug Community Member Follow
We've forgotten debunking. It's "believe" or "don't believe" in, like you need to add faith or something when evidence alone is fine.
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Human #1,232,867 Human #1,232,867 Community Member Follow
We need a bit of translation on few pictures, please.
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Dave P 4 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017
Remember 3 month short market betting is usually luck (unless "shorting" a specific stock), and there have been dozens of studies over the years, scientifically done, to prove that. Where the skill comes in is long term strategizing, stability, offsettings, etc. The real key would be a 2 year study, and the pro's in that case will come out on top.
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Full Name Full Name Community Member Follow
I think the show is funny, but for entertainment purposes only because if it was so easy then everyone would be making money that way. I know the markets well and I know that a dart board will lose every time in the long run.
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Hans Hans Community Member Follow
Please do not say "proves". In a world of fake news and distrust in science, we need to be careful. Even a longitudal scientific study with huge amount of data could only make suggestions and propose theories. However, _showing_ that astrology sucks is always a good thing. And debunking the myth that stocktrading is a craft is also fine.
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Grumble O'Pug Grumble O'Pug Community Member Follow
We've forgotten debunking. It's "believe" or "don't believe" in, like you need to add faith or something when evidence alone is fine.
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Human #1,232,867 Human #1,232,867 Community Member Follow
We need a bit of translation on few pictures, please.
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Dave P Dave P Community Member Follow
Remember 3 month short market betting is usually luck (unless "shorting" a specific stock), and there have been dozens of studies over the years, scientifically done, to prove that. Where the skill comes in is long term strategizing, stability, offsettings, etc. The real key would be a 2 year study, and the pro's in that case will come out on top.
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Full Name Full Name Community Member Follow
I think the show is funny, but for entertainment purposes only because if it was so easy then everyone would be making money that way. I know the markets well and I know that a dart board will lose every time in the long run.
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