The body and soul of investing

Is this a good time to talk about micro caps? You must be wondering. To put it mildly, the great small-cap rally has run out of steam. In fact, we seem to be in a full-fledged crash. The equity markets, on the whole, are running scared, and indeed, by the time you get this issue in your hands, your mood may have changed. Or maybe not, who knows. On balance, it probably doesn't matter. The stock markets have risen so far and so fast that every Indian investor is sitting on big gains, or at least should be, unless they've done something really foolish. A little hiccup or two will just present an opportunity to buy stocks at better valuations than were available till a few days ago. The larger question that faces investors is where to seek opportunities for big gains in a market where everything looks f