Uncategorized

Crowdsourcing vs. Piggybacking: An ongoing debate

close

Email a Friend

Just returned from a mini-tour for Tradestreaming which ended with an editorial of mine appearing on CNNMoney.

CNN’s editors thought the tension between investing alongside guru investors (what I call, piggybacking) and following the crowd (which devalues individual expertise) was worth exploring (in 800 words or less).  It was a great topic and one that I didn’t give enough verbiage to in the book.

Part of this was laziness, part of it was in effort to keep the text short, and part of it was that crowdsourcing investment ideas is still really in its infancy.  While we can essentially clone hedge fund portfolios (with great tools like AlphaClone or great resources like MarketFolly), crowdsourcing tools are still finding their footing (I like Piqqem).

Here’s the crux of the matter:

So while it’s premature to say whether crowdsourcing can act as a standalone strategy, it may make sense for investors to tap the wisdom of the masses in addition to the other strategies they use to generate investment ideas.

The Internet and social media are truly changing the way we acquire information, research investments, and manage our portfolios. The playing field is more level than it’s ever been, and that’s a good thing. Happy tradestreaming.

You can read the whole article on CNNMoney , Follow the smart money — and the crowd

Photo courtesy of futureshape

0 comments on “Crowdsourcing vs. Piggybacking: An ongoing debate”

Uncategorized

The Partnership Reckoning: How financial services learned to stop worrying and love (partnership) due diligence

  • The financial services industry has spent the better part of a decade chasing the partnership dream, but the era of "collaboration for collaboration's sake" is officially over.
  • From Goldman Sachs exiting Apple Card to Wells Fargo losing millions monthly on Bilt, here's how banks and fintechs are learning the difference between strategic alignment and wishful thinking.
Zachary Miller | June 09, 2025
Uncategorized

Announcing: These companies are the winners of Tearsheet’s 2025 Marketing Awards

  • This year's Tearsheet Marketing Award winners didn't just spend on conventional tactics—they reimagined what financial marketing could achieve.
  • Their success proves that excellence comes from truly understanding what resonates with real humans.
Tearsheet Editors | May 14, 2025
Uncategorized

Rebranding rebirth: Netspend and Rêv come together to form Ouro

  • Prepaid card provider, Netspend, and Rêv, a digital payment technology provider, recently integrated under a new brand called Ouro.
  • The new brand tells the story of rebirths as the Sosa brothers return to Netspend, a company they founded out of their apartment in 1999.
Rabab Ahsan | November 20, 2023
Uncategorized

The Daily Tearsheet: A day in the life of Kristen Anderson, the CEO and co-founder of Catch

  • In this daily, we've got a day in the life of Kristen Anderson, the CEO and co-founder of Catch
  • And in other news, NFTs continue to spread.
Rivka Abramson | May 03, 2022
Uncategorized

Job Opening: People Person

  • Tearsheet is growing and looking to hire a People Person.
  • You'll help us source and grow new talent for our team.
Tearsheet Editors | December 09, 2021
More Articles