Since I love randomocity, here’s a story I first saw in from WIRED magazine about researchers showing that random picking of stocks does just as well as hiring a financial advisor.
We’ve seen one of the lead researchers, Alessandro Pluchino, before in my writing when I discussed the 2010 Ig Nobels being handed out and Pluchino took home an award for his work (along with co-researchers Andrea Rapisarda and Cesare Garofalo) showing that organizations do better when they promote employees at random instead of using a rational practice (like merit).
Pluchino, along with Alessio Biondo, makes the case in this paper that picking stocks at random is on par, if not better, than hiring a financial advisor.
My follow-up question is this…What would be a good name for a brokerage that made its stock picks solely at random?
Form Your Troika 
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