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URL:  http://boards.fool.com/our-collective-opinion-will-gravitate-toward-the-25171235.aspx

Subject:  Re: CAPS is not meant to be a mirror of performa Date:  2/14/2007  8:41 AM
Author:  1poorguy Number:  4892 of 8062

OUR collective opinion will gravitate toward the mean - the market....

I've thought the same thing a few times. I've noticed the highest ranking players typically have well over 100 picks. That's an index! No one can follow that many stocks. I have trouble keeping track of 10 (which is why I only own three right now*).

Perhaps that is the lesson of CAPS? It's best to buy an index?

1poorguy

*Actually, my IRA is in Vanguard Index 500, my 401K is split among Fidelity's Contra, Low Price, and Asset Manager, and then I own INTC, MCHP and PTR. These are all things I think (hope) I understand. Hopefully this will serve as an 'index plus' with some indexing plus some growth weighting to give me a little out-performance. Maybe.
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