When Mr. Market decides to mark down the value of his businesses for no apparent reason, many value investors go bargain hunting in their own portfolios. But what about hunting for bargains in the portfolios of other investors -- the best investors in the business.
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The September 30 issue of Value Investor Insight discusses this strategy, which makes a lot of sense. Naturally, the first place bargain hunting investors turn in a downturn is to their own portfolios. Indeed, it’s easier to buy with a firm conviction when you know what you own.
However, looking at the portfolios of super investors can also yield some ideas. Of...

