While there are a great many "professional" investors out there, there are precious few whose portfolios interest me. One of those select few investors is Chris Davis of Davis Funds.

The "why" here is very simple: Davis is a value-obsessed investor who buys stocks to own, rather than flip. The turnover in the Davis funds reflects this approach, as the funds' turnover implies an average five-year holding period. And insiders at Davis don't just talk the talk -- at the end of last year, they had more than $2 billion of their own money invested in the Davis funds.

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