Market Is Reasonably Priced With ‘Tiny Bubbles’, Says Wolff

Market bears point to the high valuations in the tech and biotech industries, unprofitable IPOs and other signs of frothy sentiment as evidence that we’re approaching a market top, but many investment managers say they can still find good deals among the overvalued stocks. According to Grandmaster Capital Management LLC founder Patrick Wolff, what we’re looking at is a calm market that’s roiling underneath.Wolff who is a world chess champion, credits Warren Buffett as his inspiration to enter the asset management field. “You have a landscape with good quality mid- to large-cap companies that are reasonably priced,” says Wolff, in…