S&P 500 is one of the leading indicators of the US Stocks. Most hedge fund managers measure their performance relative to the S&P 500 Index. Very few are able to beat it. One safe investment strategy entails investing in an ETF that follows S&P 500. However there is one hedge fund manager who is claiming that this S&P 500 Index is flawed and investors can perform much better by picking stocks randomly.
Harding has got more than 30 years of experience developing trading systems and testing them under live market conditions. 5 years back he developed this idea of beating the S&P 500 by picking 50 stocks randomly. According to Harding he chose the stocks randomly and gave them equal weights. He immediately did better than S&P 500.