A member's rating indicates his percentile rank in CAPS. chk999 is outperforming 99.99% of all CAPS members. A member's score is the total percentage return of all his picks subtracting out the S&P. A member's accuracy is how often that member has made correct predictions.
To calculate a member's rating, we take 2/3 of his score percentile and 1/3 of his accuracy percentile. For further information, read the Member Ratings section of the Help page.
Average Pick Score is a member's total score divided by the total number of picks (active and closed). It represents the member's average return after subtracting out the market's performance.
Average Pick Rating is the average stock rating of a member's total picks. Underperform picks are flip-flopped, so a underperform call on a one-star stock is treated like an outperform call on a five-star stock. This rating reflects how closely your picks are aligned with CAPS ratings.
Ratings last updated at 5:39 PM 11/6/2009.
99.99
How are these stats calculated?
The score leader for a stock is the player who has achieved the highest score for that stock. This includes all picks made by a player (active and ended).
The score leader for each stock is displayed in the upper right of that stock’s page.
What Are Score Leaders?
Recs
October 20, 2009 – Comments (3)
So while I was at the library looking for something else, I noticed a book on the shelf titled "Even Buffett isn't perfect" by Vahan Jangigian. I grabbed it hoping for some really good analysis of Buffett's mistakes, with some real insight into the behavioral financial aspects of the bad investments. No such luck. What I got was a beginner level book that advocated momentum investing as a valid strategy. (Which it is, but not doing it is not one of Buffett's mistakes.)One thing that the author kept mentioning was that Buffett used DCF calculations as part of his determination of intrinsic value. The reason this is weird is that Charlie has mentioned never having seen Warren perform a DCF. And if Charlie hasn't then the author sure hasn't either. Likewise, Alice Schroeder, who as part of writing The Snowball had complete access to the Berkshire files, never found much in the way of calculation, just some scribbled notes about the various acquisitions.Another thing I found particularly annoying was when the author tried to refute Buffett's views on taxes without mentioning the ovarian lottery argument at all. Usually if you try to attack someone's conclusion, you have to show where in their argument they went wrong. Instead the author simply asserts that Buffett is wrong. Even though I disagree with Buffett on taxes, the author's attack on Buffett's position is amazingly lame.Bottom line? Skip this book and read one of the Chairman's letters from the Berkshire website. You'll be happier and learn more.I did learn one useful thing from the book though. Steve Forbes wrote the forward and is fulsomly praised by the author. (Who is an employee of Forbes.) After reading the forward, Forbes looks like a bigger tool than I thought. And I thought he was a pretty big tool to start with. [more]
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