The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns

"The historical advantages of small-caps as an asset class are well documented, but not realized by profit-maximizing managers who allow asset bloat, nor by institutions who follow their peers down the beaten path to invest with such managers. Brian Bares is willing to speak the hard truth about small-cap investing: market-beating returns are generated by managers who cap assets and concentrate."—Patrick Dorsey, Director of Equity Research, Morningstar; author, The Five Rules for Successful Stock Investing and The Little Book That Builds Wealth

"Brian Bares is the Warren Buffett of small and micro-cap stocks, and his book, The Small-Cap Advantage is a masterpiece of practical, Buffett-like wisdom. Whether you are a new investor or have been in the markets for decades, you will find this book full of insights!"—D. Ellen Shuman, VP and Chief Investment Officer, Carnegie Corporation of New York

"Brian Bares is a rare breed of professional investment manager. He excels in the requisite skills of investment acumen, hard work, and discipline while remaining philosophically grounded as a true 'clients first' fiduciary of his investors' capital. With The Small-Cap Advantage, Brian has written in a clear and accessible manner the most comprehensive 'how to' book available for anyone interested in becoming a small-cap manager, or hiring one."—Thruston Morton, CEO and CIO, Global Endowment Managements

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

Bigger is not better. 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. In The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns, Bares reveals 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 this asset class.