Many Turnkeyanalyst.com users and book readers have pointed out that the screening tool is limited to 15 names above $10B, but the book outlines a system that holds 30-40 names and invests in stocks that can be much smaller.
Why the change?
Due to the large amount of traffic and interest in the Quantitative Value system, the clients of Empiritrage, LLC strongly suggested that we limit access to the results from the Quantitative Value algorithm. When the client speaks, we have to listen. Capitalism works.
Does the Change Dramatically Affect Performance?
In short, not really. Returns drop off 1-2% depending on the assumptions used and the time periods analyzed, but the the punchline is still the same.
Here is a formal report on the subject:
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