There are going to be some major-league blowups related to this site...some novice investors are going to learn the hard way that past performance is no guarantee for future performance.
That being said, I'm glad we finally get a chance to publicly review the performance of a group of hobby investors. An experiment like this one should usually run over the course of 50 years, but it will be interesting regardless... Perhaps we will learn something about investor performance, the need to wear a suit to perform well etc. I'm pretty skeptical that investors in a public forum will be able to beat the market over a long period - after all, their investment methods are very visible and will be copied if successful (which will break any model).
Machine-readable statistics, lots of users..I've been subconsciously wishing for a site like this for a long time. Even Prosper gave me a lot of new insights about the workings and not workings of finance.
That being said, I'm glad we finally get a chance to publicly review the performance of a group of hobby investors. An experiment like this one should usually run over the course of 50 years, but it will be interesting regardless... Perhaps we will learn something about investor performance, the need to wear a suit to perform well etc. I'm pretty skeptical that investors in a public forum will be able to beat the market over a long period - after all, their investment methods are very visible and will be copied if successful (which will break any model).
Machine-readable statistics, lots of users..I've been subconsciously wishing for a site like this for a long time. Even Prosper gave me a lot of new insights about the workings and not workings of finance.