No. of Recommendations: 0
I'm not opposed to the idea of having it in the backtester, but I think the idea of dropping the #1 stock is silly. It's just too hard to figure out if those poor #1s are real or not. How can we know?

Remember, our screens really depend on the first steps to get a good base of stocks. The final sort is, in my opinion, a rough way to get the best stocks near the top. When the returns decrease as we go down positions, that means we might have a good final sort, but if the final sort just manages to get the best stocks in slots 1-5 instead of 6-10, I think we ought to be pretty happy with that, too.

That's not to say I don't believe there might be something happening in real life to make #2 better than #1, but maybe not. Historical contingency and all that.

Taking a bunch of #1 position stocks to make a portfolio feels better to me than taking a bunch of #2s.

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