Digging into the portfolios of some well-known value investors.

"These are the top five stocks that have reached their 52-week lows last week were Exxon Mobil Corp, The Bank of New York Mellon Corp, News Corp, EBay Inc, and MetLife Inc."

While the market debates which way it wants to go, one thing is for certain, M&A activity has slowed down these past couple of weeks. It became routine to turn on the television and see company “X” has taken over company “Y”. But the offer I am keeping a close eye on is Rupert Murdoch’s News Corp’s (NWS) 5 billion dollar bid for Dow Jones (DJ).

This article provides some perspective into Seth Klarman's investment philosophy. “At Baupost, we are big fans of fear."

Klarman has always stressed that the future is completely unpredictable. Investors must be prepared for any eventuality. The river may overflow its banks only once or twice in a century, but you still buy flood insurance.

Excerpt: "This week 24/7 Wall St. featured many names that fall within the realm of larger private equity screens as far as potential break-up stocks. That does not mean that they WILL be broken apart or that the companies are certain candidates, but this is one of many screens that firms run."

This week's Barron's discusses the comeback of tech, China funds, Canadian National Resources, Tellabs, Dell as a value play, DaimlerChrysler, and developments in the telecom sector.

I'm not really sure the stocks mentioned fit Buffett's "Geiger Counter". But, it's a short article worth reading. "Charlie Munger once said that he and Warren made their first hundred million or so by running their Geiger counter over everything. By turning over enough rocks, they eventually found hidden treasures lying there for the taking."

Yikes! Google just spent $1.65 billion for YouTube. I agree with the author of this story that this was a risky move. I guess Google viewed their Google Video product as a failure and decided to throw some serious money at the problem to maintain their online property lead.