It’s all very well to identify small and micro caps as the best...

It’s all very well to identify small and micro caps as the best place to invest your money ......that’s nearly always the case if you’re picking the right ones ....but pick the wrong ones and your money can quickly go up in smoke too !

At least with a quality big cap like CSL, the asset base is enormous and the shareholders reasonably well protected by corporate governance, protection of ‘brand’ and thousands of analytical eyes watching over.

I’ve been burnt in the small cap space by companies with directors that clearly have little interest in anything bar lining their own pockets....and then moving on from one smouldering wreck to another start up.

If you have the time and the analytical nous to identify the gems - good luck to you - but for the majority you might as well part with your cash at the blackjack table (particularly when it comes to the micro caps!)