What is interesting, as I get older and looking to simplify, is that I plugged in every stock on the list that traded for at least 20 years into Portfolio Visualizer and compared it to a simple, non-leveraged Dual Momentum strategy. The best of the best list never had a higher CAGR nor a lower drawdown and has worse Sharpe and Sortino scores as well.
This is eye opening, that even if one had been prescient enough to pick only these best of the best and no other stocks ( no dogs in the portfolio EVER) they would have lagged significantly.
$100,000 starting balance in Nov 1997 would have yielded the following:
Dual Momentum: $8,700,000 with a 21% drawdown No negative year
Best of Best : $6,100,000 with a 35% drawdown 2008 (-25%)
This is eye opening, that even if one had been prescient enough to pick only these best of the best and no other stocks ( no dogs in the portfolio EVER) they would have lagged significantly.
$100,000 starting balance in Nov 1997 would have yielded the following:
Dual Momentum: $8,700,000 with a 21% drawdown No negative year
Best of Best : $6,100,000 with a 35% drawdown 2008 (-25%)