Cat plays the sharemarket and wins

Tuesday, 22 January, 2013

Does this really surprise anyone? A British cat, named Orlando, managed to make more money on the sharemarket last year than the business analysts, and finance students, he was competing against in a share portfolio challenge organised by the Observer newspaper.

Each team invested a notional £5,000 in five companies from the FTSE All-Share index at the start of the year. After every three months, they could exchange any stocks, replacing them with others from the index. By the end of September the professionals had generated £497 of profit compared with £292 managed by Orlando. But an unexpected turnaround in the final quarter has resulted in the cat’s portfolio increasing by an average of 4.2% to end the year at £5,542.60, compared with the professionals’ £5,176.60.

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