Where Buffett Wannabes Trade Tips

Hedge fund hotshot James Altucher's Web site helps investors see what the smart money is doing
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Last year, hedge fund manager James Altucher got a seemingly irresistible offer. A much larger fund would give him more than $100 million to invest, leveraging the strategies that Altucher had perfected. The catch: The enthusiastic multitasker would have to give up everything else on his plate--appearances on CNBC, columns in the Financial Times and TheStreet.com (TSCM ), and writing books, such as Trade Like a Hedge Fund--to concentrate on the new fund.

It was an offer Altucher, 39, could refuse, and did. Instead, he and his fund partner, Dan Kelly, 32, decided to take their investing strategy to the masses. The result is the Web site Stockpickr.com, where investors can view the portfolios and latest publicly available moves of hundreds of successful pros, including Warren Buffett, hedge fund great George Soros, or mutual fund manager and Yale professor Martin Whitman. Several million people have visited the site so far this year, and traffic has quadrupled since January. In April, Altucher sold his controlling stake to TheStreet.com in a deal that valued the venture at about $10 million.