Value Microcaps Pick Six Lotto 01

[lentinman]

Peeker: Mr. Sheep.

The answer is no he doesn't.

I halfway hoped to avoid this explanation, but initially, I made the mistake of taking his 7 averages and dividing by 7. However, the correct way to do it, and the way it is being done now, is to take the top 5 and give them full value and the two that are tied for 6th to give them both half value.

You could argue that the more stocks he has, the more watered down he is. For example, say he had 100 stocks tied for number 6, then 1/6 of his return would be determined by an average stock - although even that would be a miniscule difference.

I still maintain that it is pure luck that he is as high as he is. He almost unquestionably will be in the top 20 on average, but I'm pretty confident that a top 5 rank is abnormal and not likely to be regularly repeated. And, besides, it is a long ways until December 31st.

Len