Word: reale
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Dates: during 1990-1999
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...learn these great new companies, with market capitalizations already north of $10 billion--we resorted to a Rotisserie League of our own, a stock Rotisserie League. In our league, which focuses on companies that help other companies mine the Internet (called business-to-business), we draft and play real-live stocks with a mythical million-dollar pool...
...results have been spectacular. My sparring partner, my associate Matt Jacobs, and I, forced to pick 10 "teams" each to compete in the B2B Rotisserie League, have crash-coursed the whole 1999 new-stock lineup. We make our mistakes with phony money and save the real deal for the portfolio. Our draft may have lacked the tension of the NFL's live ESPN version, but it turned up such gems as VerticalNet, VeriSign, Commerce One and Ariba, companies that until I had to lay out 750 Gs of Rotisserie money, I couldn't do much more than ogle from afar...
...course, it helps that we picked the hottest sport in the stock market to create our league around. Both of our teams (see thestreet.com for the rosters) have had big moves since their inception a month ago. But I know we would have sat out most of the real action in the likes of CMGI and Internet Capital Group--two league phenoms--had my associate not taken them in the top rounds of our mock draft...
...sports, youth matters. As of last Friday, my 23-year-old associate Matt is up 26.1% to my 19%, helped by a 50% jump in his Internet Capital Group. I'm being hurt by AskJeeves, down 17% since I picked it. Ah, but there is good news. In the real world we own them both. And Internet Capital Group has more than made up for the Jeeves shortfall...
...REAL ARTISTS...