I have been investing privately for ten years. I look to take concentrated positions in stocks with asymmetrical risk/reward profiles. Turn around situations, companies on the verge of significant revenue / EPS growth, and stocks that unjustly sell below their NCAV are all very interesting to me. I find that most of these finds come in small caps, due to their lack of coverage. However I am not averse to taking a position in a large company which I think fits one of my criteria.