2/22/11.
http://www.scientificamerican.com/article.cfm?id=financial-flimflam&print=true
By Michael Shermer
February 22, 2011
Michael Shermer:
"In December 2010 I appeared on John Stossel’s television special on skepticism on Fox Business News, during which I debunked numerous pseudoscientific beliefs. Stossel added his own skepticism of possible financial pseudoscience in the form of active investment fund managers who claim that they can consistently beat the market. In a dramatic visual demonstration, Stossel threw 30 darts into a page of stocks and compared their performance since January 1, 2010, with stock picks of the 10 largest managed funds. Results: Dartboard, a 31 percent increase; managed funds, a 9.5 percent increase..."
http://www.scientificamerican.com/article.cfm?id=financial-flimflam&print=true
By Michael Shermer
February 22, 2011
Michael Shermer:
"In December 2010 I appeared on John Stossel’s television special on skepticism on Fox Business News, during which I debunked numerous pseudoscientific beliefs. Stossel added his own skepticism of possible financial pseudoscience in the form of active investment fund managers who claim that they can consistently beat the market. In a dramatic visual demonstration, Stossel threw 30 darts into a page of stocks and compared their performance since January 1, 2010, with stock picks of the 10 largest managed funds. Results: Dartboard, a 31 percent increase; managed funds, a 9.5 percent increase..."
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