You can read the details of this investment strategy here. The strategy returned 102% in the last 3 years versus a gain of 48.8% for the S&P 500 ETF (SPY). Guess how this strategy performed in the 3 years since August 2012? One word: amazing. At the end of August 2012 we launched an investment newsletter being encouraged by these promising results. However, our research had shown that their consensus stock picks actually beat the market by double digits annually in a back testing covering 13 years. Any hedge fund manager may be biased in one direction or the other at any point in time. We have been using this same approach at Insider Monkey to identify the best stocks to invest in the stock market by calculating the consensus picks of 700+ hedge fund managers. However, if you combine estimates from multiple polls conducted by different pollsters, the estimates will have smaller margins of error and will usually have higher accuracy. For example if you are trying to predict an election’s outcome by using a single poll, your estimates will contain a large margin of error.
When you combine two or more approaches it is more likely that some of these biases cancel out and the resulting estimate is more accurate. When you are using an indirect approach to produce an estimate for anything, your estimate is always biased in one or multiple ways in various magnitudes. Let us take a moment and explain why combining multiple measurements into a single “consensus” estimate produces better results. Based on our calculations the list of the 25 most racist countries in the world are presented below. It is highly likely that the rankings would be different if these and other excluded countries were part of the survey. To be fair, the dataset covers only 61 countries and countries like Israel, Syria, or Austria weren’t part of the original survey. We ranked each country based on each of these questions and calculated the average rankings. The second question was more direct: how frequently do racist behavior occur in your neighborhood? Obviously the responses are subjective but we calculated the percentage of people who didn’t say “not frequently at all” and used it as an indicator of racism. A “no” answer is assumed to indicate racist feelings. In the first questions respondents were asked whether they would like having people from another race as neighbors. In order to calculate the most racist countries in the World we calculated rankings based on two questions. The database contains survey results from 60 countries and covered nearly 85,000 respondents. This is the same data (and survey) you may find on other websites, however, we have the latest updated version of it which includes several other countries that weren’t in the database in 20. We downloaded the raw data from The World Values Survey covering the years 2010-2014.
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