Niles:
I agree that the sample size issue would be better if I simply did 1 pick, 2 picks and 3+. However, that doesn't really tell you all that much. You only have 3 groups separated by 1 pick in most cases.
There are 120 one pick stocks, 30 two pick stocks and 44 3+ pick stocks. I suppose I could go 1, 2, 3 and 4+. That would be 120, 30, 19 and 25. It doesn't give you a feel for the 10+ like my other grouping, but at least the sample sizes are better.
If I did that, here are the returns.
20.71% 1 pick stocks (120)
33.10% 2 pick stocks (30)
14.35% 3 pick stocks (19)
25.86% 4+ pick stocks (25)
If you simply look at this grouping, you see almost no sheep value at all. I haven't been making the argument that "Sheepish is best" anyway except for the top 4 picks.
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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