Honk If You Like Mercury General

Ed Walczak, U.S. investment chief for German bank Vontobel, which steers $2 billion in the U.S., was one of those who cheered the market's plunge. The unexpectedly big fall gave him the opportunity to bargain-buy one of his chief favorites: Mercury General (MCY), a large auto insurer in California.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.