While I’m generally skeptical of attempts to harness people into social networks for the purpose of picking stocks — it reminds me of the adage that two rocks lashed together still don’t fly — I like what my friend James Altucher is doing at the fascinating Stockpickr.
He has an incredible assortment of “edge” portfolios, ranging from pro-only stuff, like Warren Buffett’s and Stevie Cohen’s current holdings, to funky contributor stuff. But he also has portfolios collected from other media, like Kiplinger’s, TheStreet, plus — and much more interesting from my perspective — portfolios created quasi-autonomously, like this one from the Amazon’s bestseller’s list.
James has done really rich and fascinating stuff here, very different from what you might expect having cut your teeth on first-generation stock-related social nets, like Motley Fool, et al. Check it out.