Finkey Team Announces That Their Monkeys Have Outperformed Blackrock by 7.54% in the Month of July
A team of cryptocurrency enthusiasts have equipped monkeys in South Africa with tablets that enable them to trade cryptocurrency. The monkeys began trading on June 26th, and by the end of July, they outperformed BlackRock ($blk) by 7.54%.
In January 2024, as the new year began, a group of crypto and finance enthusiasts discussed the book “A Random Walk Down Wall Street” by Princeton professor Burton Malkiel. Malkiel famously stated that “A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would perform as well as one selected by experts.” Amused by this idea, the group jokingly considered creating a hedge fund managed by monkeys. What started as a joke evolved into a serious project.
Further research revealed a simulation of this...