Weiss: Here's the best strategy for valuing stocks

Stephen Weiss
Scott Mlyn | CNBC

In an exclusive Q&A for Pro subscribers, Stephen Weiss, chief investment officer of Short Hills Capital, revealed his favorite metric for picking stocks.

Even though investors often look at metrics such as the price-earnings ratio and dividend yield, the portfolio manager thinks those values can often be misleading.

Instead, Weiss, who's an alumnus of SAC Capital and Lehman Brothers, says there is one key value that trumps all others when valuing a company.