"Experienced Manager Favors Stock Market's Underdogs Over High-Flying Winners"

Veteran manager Bob Robotti discusses the art of investing in undervalued companies, emphasizing the importance of identifying businesses with excellent growth opportunities and buying them for less than their worth. He focuses on small-cap and medium-size companies, citing Builders FirstSource and Tidewater as examples of successful investments. Robotti also highlights the potential in the energy services industry and the long-term competitive advantages of North America. Stock futures are moving higher, Treasury yields are shifting lower, and the Hang Seng is up 3.5% after China's central bank announced a reserve ratio cut for banks.