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Author: TMFWBuffettJr Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8116  
Subject: Re: Top Ranked Player Has All Negative Scores Date: 10/24/2008 3:49 PM
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Nothing wrong here...most of that person's picks are in the green. You're just looking at the active picks.

There is no incentive to close a pick that is underwater because the S&P 500 is getting destroyed, which makes your losses look better.

Let's say someone is an idiot like me who recommended Sharper Image. The company is down 99% and declared bankruptcy. But why close that pick and lock in a score of -99%? By letting it sit open, I can let the S&P 500 fall 40%. Now in the comparison, I've only lost 60% instead of 99%.

That's what the score leader is doing, so when you look at her list, there will be every bad call she has ever made. By contrast, the good calls will be ended from time to time.
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