New Twitter-Based Hedge Fund Beats the Stock Market

nonprofiteer writes "Derwent Capital, a new hedge fund that makes trades and investments based on Twitter sentiment, beat the market — and other hedge funds — in its first full month of trading. From the Atlantic: 'Using an algorithm based on the social media mood that day, the hedge fund predicted the market to make the right trades. Sounds unbelievable that something cluttered with mundane musings and media links could have anything smart to say about the market. But it's working so far.' Blind luck?"

Cool

[itchythebear]

Twitter may have finally found a way to make a profit!

Just throw darts

[Jordan (jman)]

I think twitter will have the same effect as a monkey throwing darts...

http://www.automaticfinances.com/monkey-stock-picking/ [automaticfinances.com]

Re:hmmmm

[definate]

He knows the movie idea has limitless potential, but he just wants to know what the name of it was.

Re:Just throw darts

[localman57]

Fuck that guy. I've written a program that models the monkeys with a high degree of accuracy, and it's for sale now. Equally accurate results, with no bannanas necessary, and no monkey shit to clean up.

Re:Cool

[TheLink]

Ah but who earned more for themselves and continued earning more?