{"product_id":"small-cap-advantage-9780470615768","title":"Small-Cap Advantage","description":"A world-renowned money manager shares winning strategies for small-stock investing \u003cp\u003eSince 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 \u003ci\u003eThe Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks Into Big Returns\u003c\/i\u003e, 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\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eDetails the historical outperformance of small-cap stocks\u003c\/li\u003e \u003cli\u003eContrasts the various strategies employed by managers in the space\u003c\/li\u003e \u003cli\u003eExplains how aspiring managers can structure a firm to boost performance and attract institutional capital\u003c\/li\u003e \u003cli\u003eDescribes how endowment-model institutions can evaluate and engage outside managers for their small-cap allocations\u003c\/li\u003e \u003cli\u003eSummarizes important topics such as liquidity and the research process\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eBigger is not better. \u003ci\u003eThe Small-Cap Advantage\u003c\/i\u003e 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.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eBRIAN T. BARES, CFA, \u003c\/b\u003e is a research analyst with Bares Capital Management, Inc. He founded the firm in 2000 with the belief that concentrated portfolios of inefficiently priced small companies could lead to high relative compounding. His firm manages the institutional portfolios of small-cap and micro-cap common stocks in long-only, replicated separate accounts. Mr. Bares began his career by working his way up from the bottom. From compliance and operations, to trading and portfolio management, he garnered experience in nearly all aspects of running a boutique small-cap management company before starting his own company. He graduated from the University of Nebraska with a degree in mathematics. His investment philosophy and strategy have been profiled in\u003ci\u003e Value Investor Insight\u003c\/i\u003e and\u003ci\u003e\u003c\/i\u003e the\u003ci\u003e Manual of Ideas: Portfolio Manager's Review.\u003c\/i\u003e Mr. Bares holds the Chartered Financial Analyst designation and is a member of the CFA Society of Austin. He resides in Austin, Texas, with his wife and two sons.\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50491752579346,"sku":"9780470615768","price":37.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_ed7b8247-defb-431e-9483-102430c6d9e2.jpg?v=1730554099","url":"https:\/\/surprise-castle.myshopify.com\/products\/small-cap-advantage-9780470615768","provider":"Surprise Castle","version":"1.0","type":"link"}