« Columbia business school professor says there's no real estate bubble |
Main
| Six New York City geniuses »
September 20, 2005
The wisdom of hedge fund manager crowds
Posted by Dominic Basulto
For any Wall Street types out there -- three former Oxford students have launched a new Web site, ConsensusView.com, that allows professional traders to post their forecasts on stocks, futures and currencies. After posting their forecasts, these traders can see the consensus views of all other contributors. Each month, the site will award a prize of $1,000 for the most accurate forecaster.
What's cool is that the site grew out of the ideas of a book (The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations) by New Yorker columnist James Surowiecki. As ConsensusView explains on its site: "In certain circumstances, the many are better informed than the expert few. It seemed an idea worth exploring, particularly in the arena of the financial markets, where any kind of information edge can lead to profits..."
Comments (0)
+ TrackBacks (0) | Category: Wall Street
POST A COMMENT
- RELATED ENTRIES
- › East Village bar up for sale on eBay
- › Eliot Spitzer takes on the national cinema chains
- › California winemakers to sell wine to New Yorkers via the Internet
- › A blogger could become "Media Person of the Year"
- › A la carte cable TV pricing
- › NYSIA Incubator launch party tonight
- › Why the mathematics of congestion pricing don't work
- › Enjoy the holiday shopping bargains at Century 21 while you can
TrackBack URL:
http://www.corante.com/cgi-bin/mt/external.cgi/31750