An Exercise: Based solely on what was nominated and looking back in retrospect, here is what I believe should have won for the Academy Award for Best Picture. I'm not sure of the point of this, but it was fun figuring it out. Some are in fact the actual winners. I haven't seen a lot of the older ones so this list starts with the 6th Academy Awards (1932/1933)
Only 27/92 (29%) were the actual winners of the award.