I signed up at HSX about 6 years ago. They “gave me $2,000,000 with which to buy “shares in celebrities and movies. Sometime, around Jan. 1, 2005, my portfolio fell below the $2,000,000 mark. I was now worth less than they gave me. Today, I am worth $1,991,459.08. Ok, Im in freefall.
Ive made money on Adam Sandler (ASAND), Bill Murray (BMURR), Clive Owen (CLOWE), Holly Hunter (HHNTR), Johnny Depp (JDEPP), Jennifer Jason Leigh (JJLEI), John Cusak (JOHNC), Patricia Clarkson (PPERA), Piper Perabo (PPERA), Philip Seymour Hoffman (PSHOF) and Ridley Scott (RSCOT).
You would expect these stocks to do well. Adam Sandler is the Peoples Choice. Bill Murray the unlikely Gielgud of our time. Holly Hunter is so talented she stole Timecode with 5 minutes of screen time (and one quarter of the screen).
But look where I did badly. Don Cheadle? We will forgive him Oceans 11 and 12 and the cockney accent. But this guy is talent with a capital T. Ok, Jennifer Lopez was a bone headed move, but I bought her before the fall. Kevin Spacey. This is talent with two Ts. Sam Rock? Ditto. Tony Shaloub is headed for the big time as is Ving Rhames now that they have USA Network series.
My sign-on name “essex. (An Elizabethan association suggested by hsx?) And here is my password: 2622. Feel free to sign on. You are welcome to buy and sel as you pleasel.
My strategy is to create a decision market within a decision market. Besides, the blogging idea is the decision market idea: we are smarter as a group than we are as individuals. So lets all sign on and make me some money!
The HSX website is here
Surowiecki, James. 2004. Decisions, Decisions. [on “decision markets.] The New Yorker. Available on line here.
HSX as defined by HSX:
At HSX.com, visitors buy and sell virtual shares of celebrities, movies and music with a currency called the Hollywood Dollar®.The Company’s Virtual SpecialistTM technology allows an unlimited number of consumers to trade thousands of virtual entertainment securities in a fair and orderly, supply-and-demand-based market.
Since I posted this entry, there has been quite a lot of activity on my account on HSX.com. Someone decided to short Adam Sandler, for instance. It would be great if our phantom investors would leave us a comment, explaining why they did what they did. This would be at least as interesting as the investment activity, and a chance to hear comments on contemporary culture.