I’ve got a fun one for you today: a German hamster is trading cryptocurrencies. And he’s blowing away the S&P 500:
The livestreamed hamster, named Mr. Goxx, has been independently trading a portfolio of various cryptocurrencies since June 12, and so far its* performance has been impressive. As of Friday, the portfolio was up nearly 24%, according to the @mrgoxx twitter feed that documents daily performance, along with every trade made by the hamster. Mr. Goxx’s performance outpaces bitcoin and the S&P 500 over the same time period.
Here’s a short video of this financial titan at Goxx Capital headquarters:
First, Goxx runs on the “intention wheel” to pick which one of about 30 cryptocurrencies to trade. Once the crypto is chosen, the hamster runs through one of two “decision tunnels” that trigger either a buy or sell trade of the chosen cryptocurrency.
As someone who invests for a living, I’m okay with being outperformed by a rodent. He earned it, and he’s also much cuter.
Whimsical as this example is, we attribute skill to fund managers who have a good run, only to forget them when they underperform. Bill Miller of Legg Mason was lionized for beating the S&P 500 15 years in a row. Shortly thereafter, his fund lost two thirds of its value in the financial crisis and he was out of a job.
I, for one, will be a supporter of Mr. Goxx even if his hot streak runs out.
Follow Mr. Goxx on Twitter, Reddit, YouTube, or Twitch!
Note: I object to the term “it” for this adorable little man!
More on markets:
How Solana Could Wipe Out Visa and MasterCard
China’s Crypto Ban and the Road to Total Control
Where Can We Hide in a Financial Crisis?
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