Brian Bares’ Austin-based Bares Capital Investment was established in 2000. Brian Bares is a bottom-up investor focusing on small and micro-cap companies. He runs a long-only concentrated portfolio of inefficiently priced stocks and he usually has a very low turnover in his portfolio. Bares Capital’s micro-cap strategy had 53% in gross returns in 2010. He published a book titled “The Small Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns”. Brian Bares graduated from the University of Nebraska with a degree in Mathematics.