Preface

I first thought about writing this book in 2010, when my friend Brian Bares and I were having lunch at a restaurant in Austin, Texas. Over Kung Pao chicken, I listened as Brian explained to me his reasons for writing a book on small-cap investing, The Small-Cap Advantage. In the end, he explained, it was about telling investors why he does what he does. He noted that he felt he had to write it. This really struck a chord with me and is the main reason why I wrote this book. I feel compelled to explain why it is that I see value in the active management of domestic mid- to large-cap stocks and how I go about identifying opportunities and researching opportunities. To Brian’s point, it would be pretty sad if I couldn’t articulate why I ...

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