Investors often gravitate towards the biggest names in an industry. However, ValueWorks founder Charles Lemonides believes that approach can overlook smaller companies with long-term potential trading at significantly lower valuations.
Lemonides, whose firm manages about $400 million through a hedge fund and other investment strategies, said in an interview with MarketWatch that 'there's a winner-take-all fallacy in certain industries, and there are opportunities among overlooked upstarts.'
