Wow. The 1922 St. L Browns were named the second best team ever to not win a pennant . . . according to a study by Chris Jaffe of The Hardball Times.
Read his analysis at: http://www.hardballtimes.com/main/article/october-countrys-refugees-part-2-of-2/. Here are some of his remarks . . .
"I asked one of the classic questions of baseball sports fans: who was the best team to never make the World Series? More importantly, I had a way to try to answer this question; ask SG from the Replacement Level Yankee Weblog to run 1,000 Diamondmind season sims with a computer program he set up to do just that. In part one, I went over the 28 teams I had SG enter into the sims. My guidelines for choosing teams were: 1) minimal (ideally no) overlap with a real pennant winners, 2) no overlap with another team in the mix, 3) try to represent all eras, 4) avoid really recent teams because they just might win a pennant still, and 6) if possible, try to avoid one-year wonders.
Read his entire report here -