Original URL: http://www.theregister.co.uk/2000/01/13/wall_st_chumps_lose_out/

Wall St chumps lose out to chimp

Brokers go ape-shit bananas over monkey business

By Tim Richardson

Posted in Business, 13th January 2000 11:22 GMT

A chimp that chose her portfolio of Internet stocks by chucking darts at a list of companies has been hailed a financial whizz kid by her keeper. Six-year-old Raven delivered a 213 per cent gain on 1999 outperforming most of the yuppies on Wall Street. Indeed, had she been employed at a Wall Street Mutual Fund, it's claimed her performance would have ranked as the 22nd best money manager in the country -- outperforming more than 6,000 Wall Street pros. The monkey business began in January of 1999 when Raven lobbed darts at a list of 133 Internet-related stocks, to create her own financial index, MonkeyDex. During the last year her selection has just surpassed all expectations. "She quadrupled the performance of the Dow and doubled the performance of the Nasdaq composite," said Roland Perry, editor of the Internet Stock Review and creator of the MonkeyDex, billed as the "Internet's first index of Internet stocks picked by an actual monkey" (what, as opposed to a fake one? - Ed). "Not bad considering she wasn't able to participate in any of the hot new issue offerings," he said. Raven recently returned to Wall Street to pick this year's selection from 281 Internet-related stocks. They are: Audible.com, Broadcom, eToys, Litronic, Medium4.com, Lycos, N2H2, Prodigy, Software.com, and StarMedia. Game on. ® Related Stories: Brokers challenged to spank the monkey