The monkey will do better

“I want to be clear. You have probably heard the famous quote by Princeton University economics professor Burton Malkiel, ‘A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts,’ or some variation of that theme frequently uttered by those deriding the purported folly of trying to beat the market. Eckhardt (Turtle trading system) is not saying that. He is not saying a monkey could do as well as the professional money managers….
Eckhardt is saying the monkey will do better.” – Jack Schwager (author Market Wizards)

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