[Corgipower12]

We analyzed hundreds of stock recommendation videos from finance YouTubers (aka finfluencers) and backtested the results. Turns out, doing the opposite of what they say—literally inverting the advice—beat the S&P 500 by over +6.8% in annual returns (but with higher volatility).

[Finnucane]

how does that compare to betting against Jim Cramer?

[Corgipower12]

I haven't benchmarked inverse Cramer recently, but last I heard not too well: https://www.reddit.com/r/wallstreetbets/comments/187612o/inv...

Anyone know how it is doing recently?

[extraduder_ire]

I've thought inverse-Cramer was doomed ever since he shouted it out on twitter. Kind of short-circuits the whole thing.

[Corgipower12]

Yep! Markets are theoretically efficient.

[lcnPylGDnU4H9OF]

Even just in name, "finance influencer" sounds very similar to "market manipulator".

[Corgipower12]

Influencers often market things and make money off things other than being good at [name a skill or thing they are influencing]. For finance previous work has shown that financial influencers are are worse advice givers are actually the more popular ones.

[Ekaros]

Not necessarily... Depends on what they peddle, but could be just your motivational speaker, self-help or course grifter.

[Corgipower12]

Studies have been done that show that. Of course, if it is an old study, results need to be run on new data.