When people tell me about their stock market disasters, the story is almost always familiar. It’s rare, “I bought a solid company at a sensible price, held it for years, and it went to zero. ” What I usually hear is closer to, “I bought stock based on this story… this penny stock… this F&O trade I didn’t really understand… and then it crashed.” In other words, most big losses don’t come from bad luck. They come from buying the wrong kind of stocks in the first place. That’s why, before we talk about what to buy, it’s more important to be very clear about what not to buy at all. At Value Research Stock Advisor (VRSA), this is actually where we begin. We have a clear sense of universes we simply don’t touch. You can—and should—do the same with your own money. Take penny stocks. The t

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