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 Citations (Scopus)

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
StatePublished - Oct 1997
Externally publishedYes

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Managers
Stock market
Margin
Market index
Analysts

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Portfolio managers versus the darts : Evidence from the Wall Street Journal's Dartboard Column. / Atkins, Allen B; Sundali, James A.

In: Applied Economics Letters, Vol. 4, No. 10, 10.1997, p. 635-637.

Research output: Contribution to journalArticle

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