Yes, highest return and ALSO most predictable return. Do you remember (or could you reproduce here) how the group interpreted that āmost predictableā part?
In my (perhaps faulty) recollection, it was stocks that one would not feel obliged to monitor frequently - not necessarily the ones with the highest potential return, but also with low potential for going seriously wrong. Itās easy to see why Markel, Progressive, Berkshire, McKesson (with an āoā), UnitedHealth, Constellation, Costco, Microsoft, Apple, Brookfield Alphabet, Metaand Amazon are in there; itās a little harder too see how ASML, Alibaba, Broadridge, Qualcomm, Intel, and Ally slipped in, but perhaps it was out of some desire to make the list a little less USA-centric and to get some exposure to retail (Carmax), financials (Blackrock and Broadridge? Ally??) and Chinese (Alibaba) and European (ASML) stocks?
BTW, what a dramatic fall-off, in just 4 months, the last 1/3 in the list are down 20%, with Ally, Salesforce, Meta, CarMax and Amazon down 32% on average! I wouldnāt buy Ally or Salesforce, even at todayās lower price, but hereās an idea for a secondary bet:
Every month, take the lowest 5 stocks of this list of generally reliable stocks, compared to their August starting price, and put another 1% ($1000, in this example) into the one you think has the best moat and is reasonably priced (I would pick Meta, at 10x earnings, but you could make a good argument for Carmax, 12x earnings, or maybe even Amazon, despite the price at 80x earnings). I bet that would give you a pretty good return, although it is not really mechanical enough to test (since I havenāt said how you assess the strength of the moat or the reasonableness of the price.
But anyways, Iāve convinced myself to buy some more shares of Facebook, so thanks!