Comments on: Marketocracy lets you place money with the best http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/ News About Tech, Money and Innovation Tue, 24 Nov 2009 17:36:58 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Joseph http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-799939 Joseph Sun, 23 Mar 2008 13:12:22 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-799939 <strong>Joseph...</strong> I always enjoy coming to this site because you offer great tips and advice for people like me who can always use a few good pointers. I will be getting my friends to pop around fairly soon.... Joseph…

I always enjoy coming to this site because you offer great tips and advice for people like me who can always use a few good pointers. I will be getting my friends to pop around fairly soon….

]]> By: Stock Market Investing Add Url http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-799860 Stock Market Investing Add Url Sat, 22 Mar 2008 10:20:16 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-799860 <strong>Stock Market Investing Add Url...</strong> Stock Investing Software Investors... Stock Market Investing Add Url…

Stock Investing Software Investors…

]]> By: Bay Partners Seed Investments » Blog Archive » A Survey of Social Investing Sites (VentureBeat) http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-799850 Bay Partners Seed Investments » Blog Archive » A Survey of Social Investing Sites (VentureBeat) Sat, 22 Mar 2008 06:34:39 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-799850 [...] A year ago, Marketocracy opened four virtual funds made up of the stock picks by the top four of Marketocracy’s 80,000 participating managers. Marketocracy tracked their records over the past five years, giving them a virtual $1 million to invest and factoring in transaction fees and other costs. Their long-term goal was always a m100 fund that demonstrates the site’s best investors. [...] [...] A year ago, Marketocracy opened four virtual funds made up of the stock picks by the top four of Marketocracy’s 80,000 participating managers. Marketocracy tracked their records over the past five years, giving them a virtual $1 million to invest and factoring in transaction fees and other costs. Their long-term goal was always a m100 fund that demonstrates the site’s best investors. [...]

]]> By: Blend Fund http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-575528 Blend Fund Fri, 12 Oct 2007 11:41:15 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-575528 Glad to see someone is staying on top of things. Glad to see someone is staying on top of things.

]]> By: Daniel http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-413310 Daniel Sun, 12 Aug 2007 19:00:43 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-413310 I have to say, that I could not agree with you in 100% regarding Marketocracy lets you place money with the best, but it's just my opinion, which could be wrong :) I have to say, that I could not agree with you in 100% regarding Marketocracy lets you place money with the best, but it’s just my opinion, which could be wrong :)

]]> By: chris http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-375164 chris Mon, 16 Jul 2007 10:42:16 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-375164 There is another site where you can test your strategies and manage a virtual portfolio: www.tradermatch.com There is another site where you can test your strategies and manage a virtual portfolio: http://www.tradermatch.com

]]> By: Jubals http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-315184 Jubals Fri, 15 Jun 2007 13:42:25 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-315184 Would that be Venture Beat or Marketocracy? This is myfirst exposure to VB so I can say nothing about them. However, I have been trading on M for almost six years and can tell you that the top guys earned their way. I have beeninthe M100 multiple tmes, maintain top 100 funds in multiple time frames and have multiple funds ranked in the top 25%, just to give you an idea of my credibility. Would that be Venture Beat or Marketocracy?

This is myfirst exposure to VB so I can say nothing about them.

However, I have been trading on M for almost six years and can tell you that the top guys earned their way.

I have beeninthe M100 multiple tmes, maintain top 100 funds in multiple time frames and have multiple funds ranked in the top 25%, just to give you an idea of my credibility.

]]> By: TheTruth http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8332 TheTruth Tue, 27 Feb 2007 21:14:34 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8332 The amount of factual errors in this article are amazing. Check the facts about this company before you trust any of its data The amount of factual errors in this article are amazing. Check the facts about this company before you trust any of its data

]]> By: Bob http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8300 Bob Mon, 26 Feb 2007 20:23:01 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8300 If chris rees can show 5 year audited returns I would be interested in seeing them and then maybe doing business and how much is under management currently. If chris rees can show 5 year audited returns I would be interested in seeing them and then maybe doing business and how much is under management currently.

]]> By: Rik http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8269 Rik Sat, 24 Feb 2007 18:57:44 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8269 I can attest to Mr. Rees' great stock picking skills because I have been a subscriber to his service. He not only makes great stock picks, but he picks securities that are often times obscure/overlooked but definitely priced incorrectly by the market. Unlike a lot of institutions who follow the herd and will only tout a stock that is going up technically, Mr. Rees is not afraid to buy when the stock is making a 52 week low (when the chart looks ugly). Also, if you look at his web site, tenstocks.com, you will notice that he doesn't preach anything about a stock, no Cramer-like BS, no circus side show. All you see are great picks and his performance. I can attest to Mr. Rees’ great stock picking skills because I have been a subscriber to his service. He not only makes great stock picks, but he picks securities that are often times obscure/overlooked but definitely priced incorrectly by the market. Unlike a lot of institutions who follow the herd and will only tout a stock that is going up technically, Mr. Rees is not afraid to buy when the stock is making a 52 week low (when the chart looks ugly). Also, if you look at his web site, tenstocks.com, you will notice that he doesn’t preach anything about a stock, no Cramer-like BS, no circus side show. All you see are great picks and his performance.

]]> By: Chris Rees http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8264 Chris Rees Sat, 24 Feb 2007 07:37:42 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8264 Reply to Bob: Chris Rees may well have negative returns this year, or next year, or any year. However, successful investing is a marathon, not a sprint. If you would care to stretch your negative return statement to a five year timeframe, allowing skill to overcome luck, I would welcome the opportunity to do business. Reply to Joe: If an investment manager makes money on 90% of his investments, makes twice as much on his winners as his losers, produces 30% of alpha in a near zero return market, while holding 20-25% of the portfolio value in cash for a five year timeframe, I think you’d have a pretty interesting armpit scratcher. By comparison, James Cramer and the average monkey have roughly the same track record. So what happens? They give the monkey a TV show. Increasingly, investors will need to produce more return on their capital. With conventional mutual funds wallowing in mediocrity, it becomes a smart proposition to at least consider alternative methods and vehicles where the emphasis is less on the talk and more on the walk. Reply to Bob:
Chris Rees may well have negative returns this year, or next year, or any year. However, successful investing is a marathon, not a sprint. If you would care to stretch your negative return statement to a five year timeframe, allowing skill to overcome luck, I would welcome the opportunity to do business.

Reply to Joe:
If an investment manager makes money on 90% of his investments, makes twice as much on his winners as his losers, produces 30% of alpha in a near zero return market, while holding 20-25% of the portfolio value in cash for a five year timeframe, I think you’d have a pretty interesting armpit scratcher. By comparison, James Cramer and the average monkey have roughly the same track record. So what happens? They give the monkey a TV show. Increasingly, investors will need to produce more return on their capital. With conventional mutual funds wallowing in mediocrity, it becomes a smart proposition to at least consider alternative methods and vehicles where the emphasis is less on the talk and more on the walk.

]]> By: Armin Stuk http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8234 Armin Stuk Fri, 23 Feb 2007 11:40:05 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8234 Comments like: "a stupid idea... , 80000 monkeys with darts and in five years..." Well, I don't buy such a random thoughts at all, divination too. Invite all to research every imaginable details about best performers at marketocracy, and if you think that luck counts then try to be the best in any business, sports, if you will. Dear friends, the talents beats us any day ! Try the game ! Comments like: “a stupid idea… , 80000 monkeys with darts and in five years…”
Well, I don’t buy such a random thoughts at all, divination too.
Invite all to research every imaginable
details about best performers at marketocracy, and if you think that luck counts then try to be the best in any business, sports, if you
will. Dear friends, the talents beats us
any day ! Try the game !

]]> By: Clint Chao http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8205 Clint Chao Thu, 22 Feb 2007 18:03:40 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8205 The devil is in the details, but in this case, the details are what reveals why it is so impressive what these guys have really done (40% per year for 5 years), and it is anything but random. Their track records are for 5 years, which shows that they can invest across multiple cycles (the last 5 years in the market have been anything but consistent). Also, all Marketocracy managers must conform quarterly to standard mutual fund diversification guidelines, meaning that the performance numbers posted are for very diversified portfolios (ie. no fund can have a single holding representing >5% of the fund, which weeds out the "lucky" investors who might just buy Google or something). Does anyone know their current mutual fund manager's 5-year record? Ironically, it's the mutual funds in the industry that don't provide you with any detail on the manager's performance, and there are $7 trillion dollars in mutual funds. If you are intrigued with potentially a better way to make returns, then click through to educate yourself on how these guys do it. Marketocracy is simply providing people with a more analytical process to evaluate investor performance, and providing information that isn't available from your typical Wall Street fund manager. If you are intrigued with any of the Masters, just click on their portfolio links to find out how they managed to post up such impressive numbers. And, it's interesting to note that not one of these "top 4" managers were the #1 performer in any single year, so these managers were selected for 5-year returns. The devil is in the details, but in this case, the details are what reveals why it is so impressive what these guys have really done (40% per year for 5 years), and it is anything but random. Their track records are for 5 years, which shows that they can invest across multiple cycles (the last 5 years in the market have been anything but consistent). Also, all Marketocracy managers must conform quarterly to standard mutual fund diversification guidelines, meaning that the performance numbers posted are for very diversified portfolios (ie. no fund can have a single holding representing >5% of the fund, which weeds out the “lucky” investors who might just buy Google or something). Does anyone know their current mutual fund manager’s 5-year record?

Ironically, it’s the mutual funds in the industry that don’t provide you with any detail on the manager’s performance, and there are $7 trillion dollars in mutual funds. If you are intrigued with potentially a better way to make returns, then click through to educate yourself on how these guys do it.

Marketocracy is simply providing people with a more analytical process to evaluate investor performance, and providing information that isn’t available from your typical Wall Street fund manager. If you are intrigued with any of the Masters, just click on their portfolio links to find out how they managed to post up such impressive numbers. And, it’s interesting to note that not one of these “top 4″ managers were the #1 performer in any single year, so these managers were selected for 5-year returns.

]]> By: Greg http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8190 Greg Wed, 21 Feb 2007 18:34:25 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8190 Before investing in any of these funds, you might want to read Nassim Taleb's "Fooled by Randomness" first. Before investing in any of these funds, you might want to read Nassim Taleb’s “Fooled by Randomness” first.

]]> By: antijava http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/comment-page-1/#comment-8176 antijava Tue, 20 Feb 2007 23:08:34 +0000 http://venturebeat.com/2007/02/19/marketocracy-lets-you-place-money-with-the-best/#comment-8176 "You can invest in the four masters at Marketocracy here"? So it started down with the M100, then downgraded to M10, and now the M4. So they are only looking at the top *4* people now? How is this different than any other mutual fund? It is called an advisory board. “You can invest in the four masters at Marketocracy here”? So it started down with the M100, then downgraded to M10, and now the M4. So they are only looking at the top *4* people now? How is this different than any other mutual fund? It is called an advisory board.

]]>