► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Small caps have outperformed larger stocks for years leading to fears they are overvalued. David Ranson at Wainwright Economics tells John Authers they may not be as expensive as they look and even if they were it might not be a reason to sell.<br /><br />► Authers’ Note: http://bit.ly/1Liu16x <br /><br />► FT Markets: http://bit.ly/1J5HNd3<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes