I frequently – and humbly – say here that I am by no means the smartest man on the planet.
Despite never going to college, I've managed to do quite well for myself. I've cultivated some valuable skills over a storied, 30-year career in the investing business.
Still, I'm continually amazed by the Forbes readers who got a B+ in their undergrad "Intro to Finance 100" course and assume they are qualified to recommend stocks.
Of course, their research department usually consists of one analyst they follow at CNBC, but it's often enough to delude them into thinking they can peddle their own bad investment ideas.
Do not listen to those clowns.
They're using bad information and bad data – wrong, pointless metrics among them – and that can only lead to bad results. It will cost you.
One idea of this crowd, in particular, takes top prize in the "wrong and pointless" department…
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.