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Cobb was hitting .185 or something through mid-May, but this may have been the worst case of misjudgment of player potential I've seen so far
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What do you think about a Cubs scout who said that Joe DiMaggio can "only hit singles" and is no big league player ?
From Wikipedia
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In 1934, his career almost ended. Going to his sister's house for dinner, he tore the ligaments in his left knee while stepping out of a jitney. The Seals, hoping to sell DiMaggio's contract for $100,000 now couldn't give him away; the Chicago Cubs turned down a no-risk tryout. Scout Bill Essick pestered the New York Yankees to give the 19 year-old another look. After DiMaggio passed a test on his knee, he was bought on November 21 for $25,000 and 5 players, with the Seals keeping him for the 1935 season. He batted .398 with 154 RBIs and 34 HRs, led the Seals to the 1935 PCL title, and was named the League's Most Valuable Player.
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Misjudgement of potential is fairly common in the whole bussiness world.