Marketocracy

[shummie]

I just read about this site/fund in a Fortune article. www.marketocracy.com

Anyone invest in this fund and/or "run a fund" for them?

The idea is really cool I think. Basically what they do is let people invest play money. Then they choose the most succesful "managers" over a certain period of time and select their stocks to go into the portfolio. The result is a fund full of highly speculative mid-cap stocks. The fund has been doing pretty well since its inception. Maybe someone else can give a better evaluation of its performance.

To me it seems like the kind of thing that would perform "extra well" during a good market and "extra poorly" during a bad market.

What do people think?

- Jason