Reply to thread

One rule I have with small caps is I only look at companies with an actual, real business that generates income.

Not perfect but that does remove a lot of the silly ones.

Edit - Another one is run like hell from any company where the management seems more focused on marketing the company to shareholders than on running the actual business it's engaged in.

Doubly so if the nature of that marketing includes elaborate "stunts" of any kind which are superficially impressive but in practice represent no real achievement at all. Pretty much anyone could drive a standard car around Australia or set something on fire for example. Might seem superficially impressive but that's all it is, superficial and in much the same category as the tricks a magician uses on stage to distract the audience from how they're creating the illusion.