The Week’s Top Stories at Value Investing News

I’m always surprised by the sweeping generalisations made by financial commentators during times of market distress.

at prices ranging from $0.1654 to $0.2601 per share.

This study will change your investing career

Western Sizzlin is no mere restaurant franchise. This company is run by Sardar Biglari who is transforming the business into an efficient capital allocation machine. I take apart the company’s financials and estimate that its intrinsic value is about $28 per share. Read how I do it.

This is a transcript and video clip of the second part of Warren Buffett’s live interview this morning on Squawk on the Street with CNBC’s Becky Quick. In this section, Buffett talks about the super-SIV proposal, the Bush administration’s plan to encourage lenders to freeze some variable mortgage rates and about why he supports Hillary Clinton and Barack Obama for president.

In a live interview with CNBC’s Becky Quick a few minutes ago, Warren Buffett predicted “enormous divergence” ahead in the stock performance for financial companies. In response to a question about whether financials might be the best-performing stock sector next year, Buffett advised against buying financials as a group. He said some will do well but others have done some “really dumb things.”

Todd Sullivan looks at Harley Davidson’s China opportunity

The stock market is falling, or is it the sky? At this writing the answer’s debatable. Treasury yields are collapsing, the price of gold is soaring and oil keeps closing in on $100 a barrel. The U.S. dollar is under siege, Fannie Mae and Freddie Mac are on the skids and the economy-stopping word “no” is on the lips of our formerly fearless lenders.

Glenn and Tilson’s presentation on the EMC stub, Resource America and Berkshire Hathaway.

“He’s up there with the senior executives who steered these major institutions the wrong way,” said David Dreman, chairman and chief investment officer of Dreman Value Management LLC.