If the management has not performed well in their bad times in the past, chances are they will not perform well in their good times in the future too.

3 qualities of a good management;
Honest
Hungry &
Smart.

There is large cap, mid cap, small cap. There is also a “BHANGAAR CAP”. More than 4000 out of 6000 companies fit in that category. They show up only in the good times. Be careful

Better to lose money in a good company rather than making money in a bad one.

A bull doesn’t go wrong in predicting an upswing in a falling market. He goes wrong when he predicts a down swing in a rising market.

Market rewards you as per your perception.