(San Mateo, California) —- Ken Kam, CEO of Marketocracy Inc., announced that seven of his top financial analysts, the Marketocracy Masters, have received the designation of “Warren Buffett Next Door” in a new book, The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard Of and What You Can Learn from Them by Forbes vice president and investing editor Matthew Schifrin. Published by Wiley and Sons, the book landed in bookstores last week.
Mr. Schifrin profiled these seven Marketocracy Masters: Mike Koza, Chris Rees, Jack Weyland, Randy McDuff, John Navin, Justin Uyehara, and Kai Petainen. Each has been a member of Marketocracy Data Services LLC (MDS), a subsidiary of Marketocracy Inc., for at least eight to ten years. MDS offers model portfolio management opportunities to members, and through MDS, Marketocracy Inc. operates a farm team system that tracks member investment talent and skill to identify the finest investors. It is the only such farm system in existence and differentiates investor qualifications by eight- to ten-year track records. The seven “Warren Buffetts Next Door” have participated in the Marketocracy farm system and by their efforts have also been titled Marketocracy Masters.
“In September, we were aware that Schifrin had chosen three of our Marketocracy Masters as ‘Warren Buffetts Next Door’ in his book,” said Mr. Kam. “Now we know that seven of the ten profiled investors were first discovered by Marketocracy. This further substantiates our farm system approach to locating investing talent. We’re honored that Matt recognizes the value of Marketocracy’s farm system and our Masters.”
Robert M. McCarthy, president of Marketocracy Inc., affirms Mr. Kam’s statement.
“When it comes to investment advice, we believe you shouldn’t have to depend on talk when you can review track records, and you shouldn’t accept promises when you can watch performance history,” said Mr. McCarthy. “We maintain that an investor’s track record is the best indicator of skill, and the longer the track record, the more validity. MDS track records speak for themselves; Matt’s book further supports our belief in the power of these track records.”
On its website, Marketocracy features detailed investment performance histories and profiles of the Warren Buffetts Next Door and the other talented Marketocracy Masters. Site visitors can sign up for a subscription option that allows them to “follow” the investors, review their track records, study their investment strategies, and receive updates when adjustments are made to their top five holdings. There is no charge for the subscription. More details are available at http://marketocracy.com/mds/warren-buffetts-next-door.
Parent company Marketocracy Inc. was founded by Ken Kam in 2000 to find the best investors in the world and hold them accountable for results. Marketocracy is a member of theForbes Investor Team and serves as a regular contributor of investment articles to Forbes.
Subsidiary Marketocracy Data Services LLC operates a farm system for investors much in the same way that major league baseball teams have farm systems for baseball players.
“Baseball teams require that players prove themselves first, before they take the field,” said Mr. Kam. “Similarly, we think investment professionals should have to prove themselves before they are allowed to manage other people’s money.”
According to Mr. Kam, Matthew Schifrin reconfirms the value of the Marketocracy farm system approach. In the book, he describes Marketocracy as a “legendary investor incubator” that yields outstanding investment talent.
Marketocracy Capital Management LLC (MCM) is an S.E.C. registered investment advisor that contracts with MDS to use the research generated by the Marketocracy Masters to manage mutual funds, hedge funds, and separately managed accounts for clients. MCM requires that all MCM Analysts first achieve the designation of Marketocracy Master, a vetting process that precedes use of their investment research and strategies on client accounts.
Marketocracy has offices in California and Texas and is on the web at http://marketocracy.com.