Early critics of the efficient market hypothesis claimed incorrectly
that market efficiency meant that a monkey throwing darts at a list of
stocks was just as good an investment strategy as any other. Now we have
hamsters spinning wheels.
Mr Goxx, a hamster, makes cryptocurrency investments by spinning a
wheel. Two men in Germany have created a cage in which Mr. Goxx spins a
hamster wheel. Where the wheel stops selects the cryptocurrency for
investment. Then, Mr. Goxx enters one of two tunnels for a buy or sell
order. Switches on the wheel and tunnels automatically execute the
order. Since Mr. Goxx has begun investing in September 2020, his return
is above all major stock market indices. Are you ready for a hamster
investment advisor? We hope not!
Wednesday, September 29, 2021
Hamsters Spinning Wheels
