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The UpDown

URL:

http://www.theupdown.com/

Short description:

The UpDown plans to single out the members whose imaginary portfolios show the best performance and use their strategies to manage a real stock fund seeded by Swiss angel investor Joachim Schoss.

Revenues from the fund will be used to operate the company and reward the top performers.

By Nicolas at 2007-10-16 08:00 | | | | | | login or register to post comments | flag this | 53540 reads | 2 points

time

Sorry, it is test. Now is 17 October 2007, 11:45:15

By drupaj07296 at 2007-10-17 11:04 | login or register to post comments | flag this
imagen de Anonymous

Is drupaj07296 a bot?

Hello drupaj07296,

 I'm not sure I understand the comment. Is this the action of a bot?

If we keep receiving this comment and we don't really understand why, I'm afraid we'll have to ban this account from posting.

Frederic Baud

BarCampBank - P2PVenture
My blog

By fredericbaud at 2007-10-17 12:04 | login or register to post comments | flag this
imagen de Anonymous

bot drupajo7296

I'll bet that it is a bot, or a spammer....

Sam Rose Social Synergy Web Weblog

By Sam Rose at 2007-10-17 17:27 | login or register to post comments | flag this
imagen de Anonymous

Forward to the Past?

I remember having seen a tv show on a similar type of company at the top of the bubble. The idea then was to let people play and put the orders of the best players (even having them knowing bragged the founder). Don't remember the name of the company, probably not many do.

Frederic Baud

BarCampBank - P2PVenture
My blog

By fredericbaud at 2007-10-16 08:45 | login or register to post comments | flag this

you don't believe in that?

I think it is a good idea. The only issue is in the quality of their algorythm. If once they crawl their database of winning portofolio they can come out with stats like: We created a portofolio that has a 70% chance of going up 5% or more in the two coming weeks they can sell that info. The questions are :

- who do you sell the info to (Broker, Bank, people...?)

- if someone is good at predicting the market today, those it show is going to be good tomorow?

 

Nicolas

By Nicolas at 2007-10-18 23:09 | login or register to post comments | flag this
imagen de Anonymous

I think the Business Model has many flaws

I'm not really confident in this kind of business models. The basic of my reaction is some form of belief in what is called market efficiency. But more particularly we have, as you mentioned the questions of "how much past performance assure future ones", then you have the agency problem "if I'm good at picking companies, why should I share the info and not benefit first hands".

Frederic Baud

BarCampBank - P2PVenture
My blog

By fredericbaud at 2007-10-19 14:45 | login or register to post comments | flag this