This is one of the few books that dwell on art of investing smaller companies. The book becomes even more important to read when written by small cap mogul Ralph Wanger.
A contrarian and an ardent supporter of small-cap investing Wanger has earned a lot of fame for successfully managing small cap portfolio for a very long period of time.
In fact, his fund the Columbia Acorn fund, which he managed for the first 23 years, since its inception in 1970 was one of the best performing funds. The fund outperformed the S&P, having delivered a 16.5% CAGR over a 20-year period ending March 20004, vis-à-vis 12.5% return by S&P.
He later founded Wanger Asset Management, which is again largely a small-cap focused fund.
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