Top value manager Charles De Vaulx recently discussed some areas of the market he’s high on in an interview on Bloomberg Television. De Vaulx says he’s cautious about the current environment, and talks about some of the key economic factors he’ll be keeping an eye on in 2011, including interest rates. He also discusses how Benjamin Graham’s “margin of safety” concept plays into his investment strategy.

[youtube=http://www.youtube.com/watch?v=lX5Nv6i3gCQ]