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Biotech / Medical : 2014 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?

To: Robohogs who wrote (375)	8/16/2014 1:22:12 PM
From: BulbaMan	Read Replies (1) \| Respond to of 487

Yeah Robo, the reasons you give do seem to explain the difference between the two medians. And for the moment I can’t think of another factor. Curious, I checked the 2013 Contest performance data and found the same difference. The median Contest portfolio was up 69.69% for 2013 as compared to just 24.81% for the median stock pick. Peace & good health, Bulba

To: Robohogs who wrote (375)	8/18/2014 9:32:12 AM
From: Biomaven	Read Replies (2) \| Respond to of 487

>>median stock being so much worse than median entry? One possible explanation is that most portfolios had a big winner of some sort to offset the mediocre performance of most of the other stocks in the portfolio. There are several other possible explanations of course, including the ones you cited. For example, it could simply reflect a bunch of big winning stocks vs. fewer big losing stocks - i.e. that the distribution of stock returns to date is skewed. Any time the average stock is better than the median stock, you would expect the median portfolio to outperform the median stock. Peter