Beware the all-star fool
Hey, fellow fools -
This is my first blog post so I apologize if it is iffy. But I feel compelled to comment on something I've been seeing around the site for a while.
In a lot of the stories that I have read from different contributors, all-star members are routinely cited and used as a starting point for making picks, and their reasonings are cited as well. I feel that a word of caution needs to be sent out to all who would dare heed this advice - it can easily be BS.
My caps score right now is 97ish. I'm in the top 2000 of 66,000. I joined about three or four months ago. And I don't know anything - anything - about stock picking. I came into caps as a test run because I was growing curious about seeing hypotheticals with stuff I picked in the market. But I don't know anything. I don't know what a P/E ratio means (I know low is good!), and I couldn't tell you a quick ratio from a profit margin. Most of my picks were just me running through the screener and finding things that looked nice. A lot of my score was just the ride from the start of march.
I have seen numerous contributions from very well informed and well presented from members with scores in the 20's, 30's, 40's. They have done more for this site than I ever have or will. All I can advise is that you take everything you read, especially from 'all-star members', with a grain of salt.