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Financial Happenings Blog
Wednesday, April 30 2008

Fairfax newspapers are currently running their 4 week stock picking contest.  At the beginning of the 4 weeks, 8 contestants are asked to allocate $10,000 towards 10 stock picks, $100,000 in total.  The contestants include media commentators and stock analysts along with a random selection identified as the Dartboard.

The latest report (29th April) on the progress of the competition has the Dartboard as a clear leader, $9,000 ahead of second place David Potts - a financial journalist.  Four of the share racers are in negative territory.

This surely anything but a strong affirmation of the usefulness of individual stock picking!!

Scott Keefer

Posted by: Scott Keefer AT 05:53 pm   |  Permalink   |  Email
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