Portfolio managers versus the darts: Evidence from the Wall Street Journal's Dartboard Column

Allen B. Atkins, James A. Sundali

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

The possibility that professional stock analysts could be outperformed by throwing darts at the stock listing page has intrigued stock market enthusiasts for years. In this study, we examine the results from the Wall Street Journal's Investment Dartboard Columns and find that the experts outperform the darts by a wide margin and outperform five different market indices by a positive but statistically insignificant amount.

Original languageEnglish (US)
Pages (from-to)635-637
Number of pages3
JournalApplied Economics Letters
Volume4
Issue number10
DOIs
StatePublished - Oct 1997
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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