If you take just the best 3% bucket above and buy the 5 stocks with the highest 5 year growth in book value per share the average return is 22%/year.(though at that point trading costs become an issue)You can see how it's easy to become a quant.I tried:1. enw top 502. bg5 top 5which I think is what you suggested. Results are indeed killer for the one month hold from 1997 onward, but something bad was happening prior to that ... underperforms the S&P from 1986 to 1996 .... 8% vs. 15%.
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