Quote of the Week:
“A leader is best when people barely know he exists. When his work is done, his aim fulfilled, they will say: we did it ourselves.” —Lao Tzu
Fact of the Week:
A chimpanzee has a Guinness World Record for being the “Most Successful Chimpanzee on Wall Street.”
The record-keeping company says, “Raven, a six-year-old chimpanzee, became the 22nd most successful money manager in the USA after choosing her stocks by throwing darts at a list of 133 internet companies. The chimp created her own index, dubbed MonkeyDex, and in 1999 delivered a 213 percent gain, outperforming more than 6,000 professional brokers on Wall Street.”
A press release from the time explained that “Raven threw 10 darts (not including numerous misses) at a dartboard of 133 Internet related companies. Both Roland Perry, editor of the Internet Stock Review and David Allsberry, animal trainer with Boone’s Animal For Hollywood in Castaic, Calif., were on hand for the dart throwing…. We will launch a special Web site, www.monkeydex.com, in the near future to monitor the progress of her picks. Only time will tell how her picks pan out, but this much we can say — she is storming right out of the gate with picks like CMGI, which is up 95% in six trading days (… way to go, Raven).”
There’s a bit more to Raven’s story, however. The Next Web reports that “In August 2000 (one year and eight months after the dartboard experiment), Raven, by proxy of Monkeydex, was down 34%, during which time the Nasdaq was reportedly up 3.37% for the year.” The Dot Com bubble was beginning to burst and Raven’s success was teetering. By 2020, “Every single stock picked by Raven [was] worth nothing, each firm facing collapse in some form — be it basic bankruptcy or run-of-the-mill fraud.”
Is there a lesson to be learned? Some might think that if a chimp can smoke Wall Street, anyone can. Others may say that those who invest in high-risk, explosive stocks are no smarter than a chimp: the fads will always come crashing down. Whatever the lesson (if there even is one), Raven will be remembered as the “most successful chimp on Wall Street.”
The Next Web contributed to this article.
Credit: NBC Connecticut
This week, we've recapped three news stories.
First, four students at the University of Connecticut were injured in sledding accidents yesterday. In two separate collisions on Horsebarn Hill, the four students sustained head, back, and leg injuries, resulting in all four being taken to the hospital. Their injuries are not considered life threatening or permanently debilitating.
Second, A GOP Congressman from Tennessee was “mistaken” on the degree he had earned from Middle Tennessee State University. Andy Ogles claimed to have majored in International Relations when in reality he had earned a Liberal Studies degree.
Upon further scrutiny of Ogles’ resume, “Nashville-based WTVF-TV reported that Ogles has also called himself an ‘economist’ even though he only took one community college economics course,” ABC reports. “The station then raised questions over Ogles' claims that he has law enforcement experience and handled ‘international sex crimes.’"
“When asked directly by WWTN's Dan Mandis on Feb. 21 if the congressman had embellished his resume, Ogles said that people should ‘look at the body of someone's work’ to determine if he's an economist…. 'Maybe I created some of the confusion or maybe it was someone looking to write a story,’ Ogles said.”
Lastly, Fox News reports that “The Isle of Man government has suspended sex education at schools after a drag queen allegedly forced a student to leave class for refuting the concept of 73 genders, according to a new report from The Telegraph…”
“Speaking with Energy FM, Marown Parish Commissioners Vice-Chairman Eliza claimed that children as young as 11 were taught by a drag queen and told there are 73 genders. One student responded that there were only two genders, which prompted the drag queen to say, ‘you’ve upset me,’ and ask the student to leave the class.”
“The representative also alleged that one group of students was taught how to perform anal and oral sex. Another group was shown how skin grafts are taken from a patient’s arm to create an artificial penis for a transgender man.”
NBC News Connecticut, ABC News, and Fox News contributed to this article.
Via Yahoo! Photo by Michael Hickey/Getty Images
Antoine Davis moved within 25 points of breaking the NCAA’s all-time scoring mark. The Detroit-Mercy point guard scored 38 in a win over Purdue Fort Wayne in the opening round of the Horizon League Tournament. He trails Pete Maravich, who scored 3,367 points for LSU. Maravich played only three years (at the time, freshmen were not allowed to play on varsity) and averaged 44.2 points per game.
Davis’ 38 points consisted of shooting 14-of-27 from the field and 6-of-13 from 3. He is only seven 3s away from tying Steph Curry’s single-season record of 162. He also had game highs of 8 rebounds, 8 assists, and 4 steals.
In what could be the final game of his career, Davis and his 8th-seeded Detroit Mercy take on top-seed Youngstown State in the quarterfinals. The game is this Thursday at 8pm.
Michigan Live contributed to this article.
Want to win 50% off Last Cup Scaries’ Fire Island t-shirt? DM the correct answer of this riddle to lastcupclothing on Instagram, and if you’re the first person to respond correctly, we’ll send you a code! Previous winners are excluded.
I am something people love or hate. I change people's appearances and thoughts. If a person takes care of themself I will go up even higher. To some people, I will fool them. To others, I am a mystery. Some people might want to try and hide me but I will show. No matter how hard people try I will never go down. What am I?