The traditional reason for looking at a small-cap stock, which is less liquid, less known, and therefore theoretically riskier, is because it can grow faster. What happens as a result is that people crowd into the same 200 names that are rock-star growers, leaving aside a large number of smaller companies that may still have excellent prospects but fall between the cracks. We have always been about finding those types of companies and learned through experience early on that (1) you want to invest in companies with great balance sheets; (2) you want to take a long-term view; (3) the price you pay matters a lot; and (4) you have to be diversified. To be good at it you have to focus on it, so we believe our edge is in bringing a formidable amount of knowledge and experience to a part of the stock market that is not always well understood or effectively followed.