A new startup claims that crowd-sourcing can beat Wall Street. Cool idea, but would you put money on it?
The big question is, does the wisdom of the crowd pick better stocks than a mutual fund manager? Mutual funds historically don’t beat the S&P 500, but can EquitySplash do any better? Critics will be doubtful, but it’s certainly a creative alternative to Wall Street that will be attractive to the growing number of people disenfranchised with the investment fund industry.