Live data from Hacker News

Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

papers.ssrn.com

1–10 of 33 posts

Re: Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

#2
We analyzed hundreds of stock recommendation videos from finance YouTubers (aka finfluencers) and backtested the results. Turns out, doing the opposite of what they say—literally inverting the advice—beat the S&P 500 by over +6.8% in annual returns (but with higher volatility).

Re: Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

#3

We analyzed hundreds of stock recommendation videos from finance YouTubers (aka finfluencers) and backtested the results. Turns out, doing the opposite of what they say—literally inverting the advice—beat the S&P 500 by over +6.8% in annual returns (but with higher volatility).

how does that compare to betting against Jim Cramer?

Re: Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

#7

We analyzed hundreds of stock recommendation videos from finance YouTubers (aka finfluencers) and backtested the results. Turns out, doing the opposite of what they say—literally inverting the advice—beat the S&P 500 by over +6.8% in annual returns (but with higher volatility).

how does that compare to betting against Jim Cramer?

I haven't benchmarked inverse Cramer recently, but last I heard not too well: https://www.reddit.com/r/wallstreetbets/comments/187612o/inv...

Anyone know how it is doing recently?

Re: Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

#8
Contrarians betting against the herd have often been very successful. For example, John Paulson and Michael Burry made billions by shorting CDOs that lead to the 2008 crisis. The movie "The Big Short" is an Ok dramatization of how it all unfolded.

Same herd mentality, different soapbox.

Re: Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

#9

Contrarians betting against the herd have often been very successful. For example, John Paulson and Michael Burry made billions by shorting CDOs that lead to the 2008 crisis. The movie "The Big Short" is an Ok dramatization of how it all unfolded. Same herd mentality, different soapbox.

I wonder if it is because we hear about people who are successful betting against the herd.

Re: Betting against YouTube Financial Influencers beat the S&P 500 (risky though)?

#10

Contrarians betting against the herd have often been very successful. For example, John Paulson and Michael Burry made billions by shorting CDOs that lead to the 2008 crisis. The movie "The Big Short" is an Ok dramatization of how it all unfolded. Same herd mentality, different soapbox.

I wonder if it is because we hear about people who are successful betting against the herd.

This is certainly part of it. The survivors write the narrative.
Post reply on HN