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Author: albaby1 Big funky green star, 20000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122  
Subject: Re: Greetings, Fool! Date: 9/15/2006 5:08 PM
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Hey, I don't begrudge your viewpoint at all -- it's rather an interesting way of thinking about things, and I'm assuming this is your initial reaction based on a brand-new or very recent first look at CAPS.

That's absolutely true.

Reading your post, it seems clear that CAPS is intended to do more than aggregate information into a price - so it's certainly doing something more than the stock market does. As you note, you're using it to cull out particular Foolish stock analysts. It's a bit like the "Best Of," but using past performance instead of recs.

I'll take it for a little spin, though I don't really do much analysis of individual stocks (I'm more of an index fund kind of guy). However, since you're still in Beta, I will implore you to add one thing to the system:

A short explanation of "cherry-picking"

It's the coin-flippers of Graham-and-Doddsville. If you have thousands of people participating in CAPS, a fair proportion (presumably near half) will outperform the market, if only by chance alone. And a fair subset of those will outperform substantially - even if none of them have any stock-picking ability beyond the average. It will be helpful for users of this tool to have that concept at their reach.

Good luck getting it up and running!


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