Big Beluga

The New 'Cakedex' vs. the S&P 500

The concept behind this site looks remarkably similar to Marketocracy, just with a prettier Flex front end and more "socialness". The first "wisdom of crowds" mutual fund, the Marketocracy M100, has huge negative alpha, which is to say, the best performers from the last period of performance did poorly in the next period of performance. Why, exactly, will the Cakedex ETF fare any better?