This I really don't get (another CAPS controversy)...
I just noticed that BravoBevo is now #3 (was #2 for a while), behind bullishbabo and chk999.
I'm very confused about it. I'm really lost as to how's this possible when I know that BravoBevo has incredibly high score (much higher than anyone else).
Let's take a look at these Top 3 players' scores, accuracy, and average pick score:
bullishbabo Score: 14,467 Accuracy: 88.2% Average Pick Score: +7.7
chk999 Score: 13,469 Accuracy: 86.2% Average Pick Score: +6.8
BravoBevo Score: 28,368 Accuracy: 84.4% Average Pick Score: +8.9
Now, is CAPS scoring system trying to tell us it's more important to be right on your calls 1.8% of the time (difference between chk999's and BravoBevo's accuracy) than scoring a bunch more points on your calls?
That's how it looks to me, and I think it ain't right.
Think about it.
If both chk999 and BravoBevo picked 100 stocks, chk999 would make a correct call on 86 stocks, while BravoBevo would make a correct call on 84 stocks.
So far, chk999 is clearly a better stock picker.
But what about the score?
Based on their avrerage pick score, chk999 will make $670 (on top of what the S&P's return is) on his 100 picks (100 x $6.7), while BravoBevo will make $890.
That's $220 more in BravoBevo's pocket, or 33% more than what chk999 would make.
Now, you tell me, is it better to be right 1.8% of the time or to make 33% more money on your picks?
Or am I looking at this completely the wrong way?
Please help me with this.
On 100 calls, bullishbabo would make $770, which is still $120 less than BravoBevo.
Btw., all 3 of them would perform really poorly comparing to UltraLong, who, on 100 picks, would make $4,200 (more than all Top 3 players together) or comparing to portefeuille3, who would make $3,500.
portefeuillie2, would make $3,000, JakilaTheHun would make $1,600, ... (do you know of any other high average-per-pick players?)...