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Subject:  Re: CAPS is not meant to be a mirror of performa Date:  2/16/2007  3:42 AM
Author:  woof321 Number:  4928 of 8283

Hi Russell, hope you're doing well.

Regarding Whole Foods, I think that illustrates the problem. You mentioned that you did little research or DD, but simply noted the very high P/E and voted thumbs down. I don't see anything wrong with being rewarded for being right in this case, but what does "right" even mean under these rules?

Your last pick was underperform over 5-yrs from 8/14, when the price was 49.60. You closed it three months later at 49.46 for a 10.7 pt gain (S&P did great). Now suppose some other player thought the high P/E was justified (it was near an 18-month low, after all) so he picked 5-yr "outperform" on exactly the same date and at exactly the same price as you. By 10/16 he says "Self, t