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Masters
See table: Annual Returns (Annualized as of 2013-02-08)
Some pretty good returns
http://marketocracy.com/mds/marketocracy-masters
http://www.nytimes.com/2011/02/10/bu...anted=all&_r=0
“Millions of people are asking themselves, after the last 10 years where the market has gone nowhere, if they can afford the advice they’ve been getting,” said Ken Kam, chief executive of Marketocracy, which operates a Web site that allows people to trade model portfolios before putting real money at stake...
...His Web site has become a haven for people who believe they can go it alone and achieve spectacular returns. The site allows would-be stock gurus to trade virtual portfolios before they put their own money at risk. All the while, Mr. Kam is trying to see who really has some skill.
Most people find out they really are not good at trading, but Mr. Kam calls those who have succeeded “the Masters.” There are 17 of them, and he uses their strategies to manage other people’s money.
The Masters each have five-year track records in which they outperformed the market by an average of 10 percentage points. Marketocracy then enters into research contracts with them that pays each one a portion of the nearly 2 percent management fee it collects.
The gains by the Masters are significant. Mike Koza, a civil engineer in Sacramento, has turned the $100,000 he had in a brokerage account in 2000 into a net worth of more than $3 million at the end of 2010. He did this by devoting five to six hours a day to learning all he could about investing. And he has now gone beyond the stock market. In 2009, he began buying apartment buildings at distressed prices.


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