Author Topic: crowd sourced hedge fund: www.quantopian.com  (Read 855 times)

0 Members and 1 Guest are viewing this topic.


LBSS

  • Hero Member
  • *****
  • Posts: 11376
  • plugging away...
  • Respect: +5971
    • View Profile
    • Email
Re: crowd sourced hedge fund: www.quantopian.com
« Reply #1 on: January 04, 2016, 12:30:03 pm »
+1
i am not an expert, but as far as i can tell hedge funds are basically for rich fools who want to feel special. they charge huge fees to be outperformed overall by index funds that charge very little. see, for example, this chart from bloomberg:



even a crowdsourced one just seems like a way to fleece poorer people. just stick your money in an index fund and be done with it. trying to out think the market is a loser's game unless you're a genius or have inside information, and the latter is illegal.
« Last Edit: January 04, 2016, 12:31:50 pm by LBSS »
Muscles are nonsensical they have nothing to do with this bullshit.

- Avishek

handstand + backflip + flag