Emerging market stocks may have elevated risks, but they are far cheaper than U.S. shares making them worth the investment, said Charles Brandes, Chairman of Brandes Investment Partners. Brandes added that Russian stocks are the most inexpensive of the bunch due to the collapse in oil and the Ukraine crisis, yet they are still worth a small position because they are so cheap. The well-known value investor said the worst of the volatility in U.S. markets is likely over and he is most bullish on bank stocks due to their low valuations, and 'old technology' stocks due to their dividends, valuations and stability.