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Via Long Investment Ideas from Seeking Alpha:
For the past 6 years, I have been dining monthly at the same time and place with some fellow investment professionals. My friends got a real kick out of my thoughts earlier this week, finding it strange how excited I sounded by companies that even my parents know well. Yes, I find Large-Caps to be incredibly cheap. he last time I was this excited was two years ago. Don't get me wrong, I don't mean to imply that Large-Caps will do better than Small-Caps, it's just that I believe that this is a time when even the laziest of investors can probably make money by investing in the largest companies that require the least due dilligence.
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