We are all learning. At least I am. We will be grateful if you expand on your comments to show us which criterion/criteria the author has ignored.
To me, the small caps appear to have the most scope of benefiting the investors.
Because I have not really mastered the art of investing, I have upto now relied on two filters mainly- low PE and high ROE/ROCE.
I admit that this is simplistic. Thats why I urge more experienced investors to give their views here. As you have rightly observed, too stringent a criterion may leave us with no shares to invest. But sticking to some well-defined criteria may well instill discipline in us.
I have recently started investment in Patel Engineering because of the infrastructure play and because it is getting orders after orders. But today I have discovered that its debt is more than its market cap!
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