Meet Orlando… he’ll be your stock broker today.
He’s no regular tabby. In fact, Orlando is the most successful stock broker in a London contest this year. No… really!
Several major newspapers run these types of contests (The Wall Street Journal has a dart board that goes up against reader’s picks – the dart board won this year). At the London Observer, the “portfolio challenge pitted professionals Justin Urquhart Stewart of wealth managers Seven Investment Management, Paul Kavanagh of stockbrokers Killick & Co, and Schroders fund manager Andy Brough against students from John Warner School in Hoddesdon, Hertfordshire – and Orlando.”
“While the professionals used their decades of investment knowledge and traditional stock-picking methods, the cat selected stocks by throwing his favourite toy mouse on a grid of numbers allocated to different companies.”
“By the end of September the professionals had generated £497 of profit compared with £292 managed by Orlando. But an unexpected turnaround in the final quarter has resulted in the cat’s portfolio increasing by an average of 4.2% to end the year at £5,542.60, compared with the professionals’ £5,176.60.”
Read more at The Guardian and maybe think twice before lining the kitty bin with yesterday’s financial section.
