My photo
Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Thursday, May 31, 2007

Stock-Picking Contest: Update

Each autumn, we hold a stock-picking contest called “Love Only One.” Twelve investment bigwigs must each choose one stock to beat the S&P 500 long over a 12-month period, while five more must lag the index with a bearish pick over the same time frame.

Pickers who complete the mission are eligible to return for another year. Those unsuccessful get replaced by new experts.

The Love Only One class of 2006 to 2007 is holding up well. Since the contest’s price date of Oct. 31, 2006, bulls have posted an average 16% gain, vs. a rise of 11% for the S&P 500. The bearish picks are down a collective 8%.

Full story at Forbes.com