Mar
8
Performance Mimicry, from Pitt T. Maner III
March 8, 2010 |
Imitation is the sincerest of flattery– Charles Caleb Colton , Lacon, volume I, no. 183 (1780 - 1832)
There are many who seek to emulate the success of others through mimicry. A paper of possible interest from the Santa Fe Institute:
A)
In this paper we shall apply a variant of this idea to modeling the competition for customers in financial markets. We show that portfolio managers with no private information or special investment skills can generate returns over an extended period of time that look just like the returns that would be generated by highly skilled managers; moreover, they can do so without any knowledge of how the skilled managers actually produce such returns.
B) and further extending the idea of emulation (are you are a "genius" as long as you make money?)
We identify truly skilled investors we call Geniuses. You automatically mirror their trades in the same proportion in a brokerage account we create for you. It's the world's first marketplace to find great investors to emulate.
kaChing is an investing talent marketplace where individual investors can get access to outstanding investing talent, and outstanding investing talent can earn a living. By embracing the Open Source philosophy that "information should be free" and "you should only be charged for convenience", kaChing brings radical transparency for the first time to the investing business. The result is a compelling alternative to actively managed mutual funds which is a radically better way to invest.
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