Would CAPS leaders know a good stock if it hit them?
Every month or so (I forgot last month, shame on me), I post about how picking garbage to underperform (like I am doing with this portfolio) requires little to no skill. Yes, despite all the posts by other players denying this, I still believe it.
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 people got to their current ranking. Have they actually picked outperform on anything or do they just short garbage? 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.
Feel free to comment about how skeptics are useful for CAPS and how you think picking underperform on stocks is really difficult, but realize that you are missing the point of these posts.