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Pastimes : Stock-Picking Challenge

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To: Michael Olds who wrote (1942)	2/10/2001 1:00:11 PM
From: Jon Tara	Read Replies (2) of 2402

Michael, Scott has already announced that the next contest will be based on the average return of the 5 stocks. (Essentially the same as your "FDAP"). I think it's funny that you tell others to "just play by the rules" when it suits you. Now you want to make the rules, and you come up with a set of contest rules that are even more complicated and confusing than the original! SI intended this to be a stock-picking contest. A stock-picking contest is judged by the average gain of the "n" stocks picked. SI screwed-up in setting the rules and procedures, plain and simple. They simply didn't think-through the implication of entering 100 shares of each stock into an SI portfolio, and then using the SI portfolio %gain to judge the contest. They admit that, and have already announced that the rules will be changed for the next contest. I respect their decision to keep the rules the way they are, even though they are goofy rules that have no bearing on investing. The goofy rules were in place when the contest started, and their lawyers no-doubt advised them to continue the contest with the same rules that were in place when it started.

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