Remembering Raven Thorogood III: The chimp that smoked Wall Street
… and other unusual stock market success stories
Turns out a camel once beat Wall Street, too
Ultimately, Raven the stock-picking chimp serves as a fun morale booster for amateur investors: if a chimp can do it, surely anyone can.
[Read: The stock market crashes every time Lil Yachty releases music, a theory]
And, if that doesn’t satisfy, the tale alsoillustrates the importanceof active portfolio management. Better to close positions when new information comes to light, rather than stubbornly rely on immutable stock indexes or stale strategies.
For what it’s worth, Raven was definitelynotthe first to embarrass the money crowd.
Share Investing for Dummiesdetailssimilar shenanigansinvolving blindfoldedWall Street Journalreporters, adult entertainment stars, a Braziliancinnamon ring-tail Cebus monkey called Mr. Adam Monk,a camel, and an array of other chimps that’ve all performed similarly to Raven (including one Swedish Pan troglodyte named Ola).
Now, I wonder what Wall Street bets my dog has in mind…
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
Get the TNW newsletter
Get the most important tech news in your inbox each week.
