RupeeCase
Education . The Size Factor . 3 of 3
So where did the edge actually live
Not in the smallness. A 2018 study pulled the size premium apart and found it barely exists on its own. Strip out the junk small caps, the broke and the bleeding, and a real premium shows up. Keep the junk in and it disappears.
01
Small is not an edge. It is a wider spread of outcomes. Cheap thrills and quiet wreckage in the same basket.
02
The bottom of the ladder pays the least. Microcap gave up return and dug the deepest drop. Depth is not a return promise.
03
What worked was the filter, not the size. Small and solid pays. Small and shaky is just a longer way to lose.
The edge was never how small you went. It was how carefully you picked once you got there.
How a rule filters the size band it fishes in
rupeecase.com/learn