Did you know that parrots make good investment bankers? At least, that’s what an experiment in a stock investment programme in Seoul would have us believe. A parrot took part, along with 10 other human investors, and was ranked third in the final tally…with a positive rate of return. The human average was negative!
Many have always suspected that the allegedly predictive models bandied about in research reports and lectures on stock picks – as well as the claim that this is a highly specialised ‘science’ – actually serve as fanciful methods of camouflaging what is essentially a ‘pin-the-tail-to-the-donkey’ game. Stories like this only serve to strengthen those beliefs.
One could always argue that this is just what the world financial system was looking for. One sore point with most people has been the bonuses that investment bankers (to be fair, not all of them were analysts or equity sales persons) took home despite plunging the world into the worst recession in history. And since everyone’s now wondering how best to clean the system, may I offer a suggestion?
Let the Goldmans of the world revamp…..hire parrots across the board. That should take care of the bonus problems that everyone keeps complaining about. Even if the parrots keep getting larger and fancier cages every year, and demand progressively more organically produced seeds and fruit, it’ll still save billions that can be redeployed in other businesses. So we have statistically better performance at a significantly lower cost….what’s there to argue?
Sheer genius, even if I say so myself.
Can someone please design a similar experiment where parrots take part in the business of government?