The Small-Cap Advantage / Wiley Finance Editions (PDF)

A world-renowned money manager shares winning strategies for
small-stock investing

Since forming Bares Capital Management, Inc. in 2000, Brian
Bares has shown that above average returns can be generated through
the careful selection of small company common stocks. Additionally,
he's shown how concentrating capital in a handful of ideas improves
the potential for outperformance by increasing the depth of
knowledge of each position and allowing each security to have a
more meaningful impact on the portfolio. In The Small-Cap
Advantage: How Top Endowments and Foundations Turn Small Stocks
Into Big Returns, Bares describes how endowment-model investors
and aspiring managers can gain meaningful exposure to small stocks
while sidestepping many of the obstacles that have historically
prevented institutional investment in the asset class. The book
also

* Details the historical outperformance of small-cap stocks

* Contrasts the various strategies employed by managers in the
space

* Explains how aspiring managers can structure a firm to boost
performance and attract institutional capital

* Describes how endowment-model institutions can evaluate and
engage outside managers for their small-cap allocations

* Summarizes important topics such as liquidity and the research
process

Bigger is not better. The Small-Cap Advantage reveals
that small stocks have historically performed better than large
ones, and that lack of competition in small-cap stocks provides
diligent managers with a singular opportunity to outperform.