John Looby: Leicester, investing and The Paradox of Skill

Unlikely Premier League victors offer a salutary lesson in trying to beat the stock market

Rub of the green? Pic: Getty

The crowning of Leicester City as Premier League Champions is one of the greatest sporting upsets of all time. A team of relative journeymen, almost relegated last season, have somehow triumphed over a division of more lavishly rewarded and loudly hailed ‘stars’. Within and beyond the football world many arenow struggling to explain how a 5000 to 1 outsider, and their genial if hitherto unremarkable manager, could have emerged victorious at the end ...