A group of dolphins at the Harderwijk dolphinarium are better stock-pickers than top analysts, according to Thursday’s Financieele Dagblad.
Five analysts asked at the beginning of last year to selected their top five stocks for 2007 managed to book returns of between 10% and minus 9%, the paper says.
But the five companies picked by dolphins – using 49 balls representing the biggest Euronext Amsterdam stocks – scored a return of 27%.
The dolphins’ score was boosted by the inclusion of both ABN Amro (up 57%) and TomTom (up 62%). None of the analysts picked ABN Amro and only one took TomTom.
Top human analyst was Pieter Wind of ING.
By comparison, the AEX only grew by 4.2% over the year.
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