Question text Bloomberg BusinessWeek reported on Feb, 2019: (...) The researchers looked at more than 4 million trades among 783 portfolios from 2000 to 2016 and found that stockpickers actually showed skill when buying. However, the sales by these institutional investors cost them as much as 100 basis points, or a full percentage point, of yearly returns compared with a no-skill strategy of simply selling holdings at random, according to the study Selling Fast and Buying Slow by researchers from the University of Chicago, Carnegie Mellon University, MIT, and portfolio analytics firm Inalytics Ltd. The study concluded that one of the likely reasons for the discrepancy was asymmetric allocation of cognitive resources. Please select the correct answer. Select one: The analysts do implement a random strategy in picking stocks to buy. The analysts show skills in picking stocks to buy.