Depends on what period u are talking about here. If we assume, say, the last 12 months, my selections are (in order of incompetence): 1. SRP 2. SGW 3. AMP 4. BIL 5. CML Of course, there are tales of woe to be told for dozens of small-caps (such as VRL, LOK, HDR)....my selections are for the so-called "blue chips". The main problem with Aust. Mgt. is that the really talented Chairmen/CEOs are too thinly spread. For every CEO with ability, there's about 50 or more with little or none (or who are out of their depth). CHEERS