Those were some horrible examples. Its not surprising that star ANALysts make no difference. Studies show that monkeys perform just as well at investing.
His other example are teams in professional sports. This is also horrible because even the "average" professional athlete represents the cream of the crop (.01%). Scotty Pippen, Steve Kerr, and Dennis Rodman were no Michael Jordan but surely they're stars by any other metric.
His other example are teams in professional sports. This is also horrible because even the "average" professional athlete represents the cream of the crop (.01%). Scotty Pippen, Steve Kerr, and Dennis Rodman were no Michael Jordan but surely they're stars by any other metric.