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CAPS / CAPS Addictions 12-Step Program
|Subject: Re: Greetings, Fool!||Date: 9/15/2006 3:57 PM|
|Author: albaby1||Number: 10 of 122|
Ah, markets. The mechanism that allows you to efficiently aggregate the opinions of multitudes in order to value something - in this case, stocks.
Am I right in understanding that you're going to create a virtual market (CAPS) in order to use markets as an information aggregator for a specific population (that subset of your online community that chooses to participate) in order to outperform the same information aggregating mechanism, but one that covers everyone that participates in the equity market (including many of the ones participating in CAPS)?
In other words, using a market to try to beat the market?
A noble experiment, I guess - but I'm afraid I don't understand why this is supposed to work.
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