Whitney Tilson discusses how it is a great time for value investors. He discusses his short position in Apple and Berkshire Hathaway's position in Constellation Energy Group. He also explains why he thinks Target and Barnes & Noble are a buy.

Former Capital Southwest Chairman and CEO William Thomas has passed away at age 80.

Buyers of distressed assets find much to like about this market. This article looks at what Bruce Berkowitz, David Winters, Matthew McLennan of First Eagle Global Fund, Marty Whitman, and Shawn Tumulty of the Mutual Discovery Fund are looking for in this distressed market.

Mark Mobius states, "We believe the events of this past week have resulted in markets falling to valuations that present an investment opportunity." He's finding value opportunities in Brazil, Thailand and Turkey.

American households are the largest group of investors in mutual funds. However, mutual funds have shown that they are not the best place to park your money. Below are five reasons why mutual funds suck:

Jason Ronovech is feeling good about health-care stocks. The co-manager with Jonathan Vyorst of Paradigm Value Fund is finding that the health-care sector holds plenty of the out-of-favor, undervalued companies he seeks.

The transcript of the May 16, 2008 Ruane, Cunniff & Goldfarb Investor Day at the St. Regis Hotel, New York City. The transcript includes a lot of interesting questions about individual stocks.

Julian Mayo, an investor in Russian stocks says it's worth overlooking the invasion of Georgia to tap a stock market that is cheaper than he thinks it should be.

Mason Hawkins comments on the uncertain economic times. He reminds us in this letter that "Historically, the best time to invest has been when owning stocks has felt the worst."

Exchange traded funds are becoming a favorite of mine for harnessing the returns of a whole sector while only monitoring the performance of one instrument.

Think about it this way: At $100 a barrel, the oil exporting countries are sitting on total proven reserves of about $104,000 billion. This means they are worth $104,000,000,000,000.

Hedge fund collapses begin when an unusual market event causes the portfolio to quickly fall in value. As margin calls and investor redemptions increase, the hedge fund is forced to either liquidate the portfolio or be acquired by another firm.

Commentary on an alternative look at the "Lost Decade" for investors

Both funds have their strengths and weaknesses. Depending on your situation, you may choose to use one or even both.

Jon at Cheap Stocks writes a letter to Bill Miller.