This group of stocks should trounce the S&P 500, according to a veteran money manager
1. S&P 500 trades at a trailing price/sales ratio near record highs. 2. Investors are cautious about high valuations relative to revenue. 3. Small-cap international value stocks may outperform S&P 500 long-term. 4. High concentration in top S&P 500 stocks raises investment risks. 5. Many U.S. stocks show speculative valuations reminiscent of dot-com bubble.