David Winters, founder of Wintergreen Fund (Trades, Portfolio), recently did a interview with Wealthtrack. Mr. Winters sounded the alarmed on index funds and the risk investors are taking by investing in index funds. He discusses the widespread mania in index funds which have become a huge bubble that will burst eventually. Mr. Winters said that investors have the illusion of safety since there is a lack of diversification. Apple (AAPL, Financial), Facebook (FB, Financial), and Intel (INTC, Financial) made up 20% of the S&P 500 total return in 2014. He said companies like Apple are a crowded trade and no one is doing fundamental analysis. Mr. Winters said that there are lots of bargins out there that no one wants since retail and institutional investors are all investing in the same trending companies. After discussing his views on index investing, he went on to lay out an investment opportunity. The first company he talked about was railroad company CSX Corporation (CSX, Financial).
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