Quiz: Over the past 10 years, ConocoPhillips has the best shareholder return of any company in its peer group*; however, over the past one year, Conoco has the worst shareholder return of any company in its peer group.
Q: In a single word, what accounts for the
discrepancy between the two factoids above?
*The peer group consists of XOM, RDS-A, BP CVX, TOT, COP.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”