There is an old proverb about an elephant and a group of blind men, who are asked to reach out, touch the creature, and describe what they feel. To the man who grasps the tail, it is like a very thick rope; to one who feels a leg, like a tree trunk; and to one who touches an ear, like a huge fan… None are actually incorrect, but no one can agree on what the creature actually is.
Twitter (TWTR) is like that: “What the heck is it?” It is..
a utility which allows you to catch the latest headlines?
a way to engage potential buyers or clients?
a gold mine of data about millions of consumers?
And what is Twitter worth, anyway? ...
When investment teams face off, who will use data most effectively?
This is exactly what graduate students will learn in the Peeptrade University Challenge when student teams, each managing a $10,000 portfolio funded by Peeptrade, compete for prime results. This challenge, which begins October 3rd and ends December 2, gives students the actual experience of investment and risk management while also raising money for charities that the students have chosen.
Come December 3, teams from these participating university business schools will present final results and defend their investments before a panel of experts:
University of Ch...
Peeptrade is proud to announce that the winner of our $1,000 trading contest is Allen Lloyd! The contest winner was determined by the Sharpe Ratio, a metric for risk-adjusted return. The competition was very close in this contest, and we would like to congratulate all of the other top contestants below!
Pacini Capital Management
Carl Sera, CMT
Dr. Jeff Ross
Stoken Asset Management
Want to see how you would have staked up ...
The Past Winner
In preparation for our upcoming trading contest, we interviewed the victor of our previous contest, Nicholas Rossolillo. Nicholas ended the first trading contest with a mind-boggling Sharpe Ratio of 9.615, which is 3.849 higher than the second-placed investor. His style of investing is aggressive, and he trades primarily in equities.
Nicholas began investing by himself in 2005, when he opened a Roth IRA after finishing high school. From 2012 -2014, he worked as a financial advisor at Edward Jones, before founding his own firm, Concinnity Financial, in October of 2014. Currently, he is the President of Concinnity Financial, and he ...
It started with Coca-Cola: as a boy, Warren Buffett bought six-packs from his grandfather’s Omaha grocery store for 25 cents, then sold the bottles for 5 cents each. By age 11, he had learned to analyze stock price charts and bought his first shares; at 12, he worked two paper routes; and, at 14, he claimed deductions ($35) for his bicycle and watch on his first-ever tax return.
Fast-forward a few years. At 19 he graduated from college; at 25, he launched his limited investment partnership firm; and, by 35, had control of a New England textile company named Berkshire Hathaway. The rest, as they say, is history.
Can being uncertain be an asset? Do great leaders change their minds? Research says yes.
Do certain personality traits make you more likely to be correct when making predictions about the future? That’s what Professor Philip Tetlock from the University of Pennsylvania wanted to know, and that's why he divided the realm of “experts” from several fields into two classifications.
“Hedgehogs” were experts associated with big theories, confidence in their forecasts, and a reluctance to second-guess themselves. “Foxes,” on the other hand, were those who "knew many little things", were less confident, and often contradicted themselves...
FinTech, as high-tech, non-bank payment processing and investment firms are collectively called, is rearranging the financial services marketplace, and 2016 is setting up to be an exciting year for new developments!
The faster you can transmit or receive money, crowdsource funding, or position yourself for venture capital, the better for you and your business. Additionally, the more you understand how shrewd stock market investors plan their moves, the better for your personal investments.
Traditional banks, more slow-moving and cumbersome, are being forced to share the space with agile, young companies that expedite payments and facilitate stock ...
The year 2015 is over and some of the outcomes that it brought us were low prices in oil (and commodities), strength in the US dollar, a strong deceleration of China, low growth in the Eurozone and recessions in some developing countries. As the year ends the 2016 predictions start to come and here are what our favorite investment firms are forecasting.
Over here at the Austin offices of social trading network, Peeptrade, we were thinking about all the changes we’ve undergone in the past year. There were many events and awards we won, and of course all the chaos in between. That’s when we got to thinking about the year in general, and man it’s been a crazy one! From Drake’s Carlton-esque dancing in Hotline Bling to Volkswagen’s emissions scandal to the death of an iconic lion by a deranged dentist, we’ve been through quite a lot. Just as crazily, though, this year has been filled to the brim with massive mergers, acquisitions, and other deals. In our take on the year in review, we’ve ...
In the last several weeks, Peeptrade has been on the road. We traveled out to Las Vegas for trade shows and exhibitions, crawled the streets of Austin with a host of other startups, presented during LaunchPad360 at Money 20/20, and then took Ireland by storm at Web Summit. At each event, we shared our vision for the future of social trading and extended our ever-growing waitlist.
Tech.co, October 4 - 6: In September, Peeptrade was recognized by Tech.co as Austin Startup of the Year. So, we travelled to Las Vegas to celebrate with startup winners from across the nation at Tech.co’s Celebrate 2015 event. The event was spectacular, and Tech.co made ...