Large caps have been dominating the markets for quite some time, but one top investor sees greater opportunities elsewhere.
At the Grant's Annual Fall Conference earlier this month, Robert Robotti of Robotti & Co. shared his thoughts on where the opportunities in the markets are right now. He sees the biggest opportunities in companies that are part of the small-cap Russell 2000 Index, although he admitted that he's in the minority with this view right now.
Robotti said people "complain it's a terrible index" because it contains "almost 1,000 companies that make no money," a.k.a., the "Zombie 1,000."
"It's exactly the point," he added. "We're looking for those ugly ducklings."
Investing in value traps and zombie companies
Robotti also said investors describe these...
