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New Twitter-Based Hedge Fund Beats the Stock Market

Posted by samzenpus on from the how-to-become-rich-in-142-trades dept.

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?"

5 of 209 comments (clear)

  1. Cool by itchythebear · · Score: 3, Funny

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

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    If what I just said sounded like a troll, it was probably just a failed attempt at humor.
    1. Re:Cool by TheLink · · Score: 1, Funny

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

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  2. Just throw darts by Jordan+(jman) · · Score: 3, Funny

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

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

    1. Re:Just throw darts by localman57 · · Score: 3, Funny

      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.

  3. Re:hmmmm by definate · · Score: 2, Funny

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

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