I have an advanced compact (aka Point-and-Shoot) camera for one specific reason – I can easily keep it in my pocket. These amazingly small devices produce good image quality, if you don’t have very high expectations. I only use the RAW file format for flexibility in post processing.
My settings are all manual. It is easy to set the exposure using a live histogram. Just remember to point at the potential scene with the largest contrast. The Depth of Field (DOF) is so large that changing distance (using manual focus) is required only in very special cases.
I use a ring around the lens for changing focal length. Focal length is almost always in its widest range (28-35mm). I don’t use LCD for framing. I hold it with the LCD faced to my palm and I use my thumb to trigger.
I can have it during my walk for a lunch.
There is no danger in forgetting your camera in the restaurant after a good bottle of wine.