Winters Finding Value in Developing Markets; Says Future Is Bright

Top value investor David Winters says he’s finding opportunities among luxury goods firms that are doing strong business in Hong Kong. Winters also tells Bloomberg that, more generally, he thinks the big opportunities for investors are outside of developed markets, in areas like Asia and Latin America. He says he thinks markets are going to “drift higher” from here as fears lift, and says those who own shares of good businesses with good management bought at cheap prices will do well.