Desi Tamasha

Let's say you consider yourself to be pretty smart, like in the top quartile of humanity. Let's say you know that some (all?) of your friends fall into that bracket too. Let's also say that you like stock-picking as a hobby (who doesn't have silly loss-making hobbies?).

Then here is a useful Hewitt report for you. It says that flow of top-quartile performers is correlated with shareholder value of a company.

Buy shares of companies you and your star-performer friends are going into and sell shares in those they are leaving.