Comments on: CNBC Portfolio Challenge finds Cheating

By: Hovinyriniomb

Hovinyriniomb — Tue, 02 Sep 2008 21:11:59 +0000

wow :)
its very interesting point of view.
Good post.
realy gj

thx :-)

By: william holloway

william holloway — Wed, 11 Jun 2008 06:23:49 +0000

I agree the game should be scrapped. no one should be rewarded the prize until an investigation is done. I can’t understand how the market went down 100plus pts one day then 300 another day. and theses people only lose a few thousand dollars. either you are lucky or you’re cheating.no one is that good week after week. if you are caught trading after hours you should be disqualify. I reinterate that cnbc investigate before you give the award out. It’s too much to give to someone who is cheating.

By: Zachary Scheidt

Zachary Scheidt — Tue, 12 Jun 2007 20:34:58 +0000

I’ve always had a hard time with these games (and yes i competed and didn’t do well against the cheaters). Not only do you face people abusing the system, but the entire process doesn’t reflect reality. Think about it, there is no penalty for losing all your capital. There is a potential for a nice prize if you win… So the obvious way to play is to take as much risk as possible and HOPE you pick a stock that doubles, tripples and then some…

I would propose that someone set up a system that rewards the best Sharpe ratio during the time measured. That way all contestants have an incentive to create portfolios that have lower risk and the winner might actually represent someone who could create alpha as an investor.

By: Brett

Brett — Tue, 12 Jun 2007 19:56:18 +0000

When you put up big money like that you are bound to get someone trying to cheat the system. Fantasy games, for the most part, are a waste of time. But to totally contradict myself, I will occasionally go to hedgestop.com to see what the college kids are trading. Best luck