Some CAPS Leaders Couldn't Find an Outperforming Stock If It Hit Them in the Face
For quite a while now, I have been posting about how picking garbage to underperform (like I am doing with this portfolio) requires little to no skill. So for all the players out there who pay attention to the top 20 or so players trying to find good, outperforming stock picks, pay attention to how those CAPS leaders got to where they are. Double check their CAPS record. Have they actually picked outperform on anything or do they just short garbage? Do they bet against entire sectors? Do they have a skeptic charm? Beware the garbage shorters because it is easier than you think.
Yes, that's what I meant to write.
I think there should be an optimist charm which indicates that a person has chosen outperform on more than 75% of their picks. Then it would be easy to avoid certain portfolios when doing research. If you want to know whether I am any good at picking stocks to outperform, the answer is "yes", and you can check out my other portfolio - RonChapmanJr - to see for yourself.
In an attempt to keep the usual complaints about this post to a minimum I want to clarify that the purpose of these posts is simply to warn any new CAPS members about blindly following CAPS leaders. I don't care about people gaming the system as I have done that at times. I also am not acting out of some disappointment with this, or another profile.