Risk-Reward Hawk: Barron's talks with Bruce Berkowitz, the founder of Fairholme Capital and president of the Fairholme Fund (FAIRX). Berkowitz looks for undervalued companies that throw off a lot of cash. Currently he likes some of the big-name financials, including Citigroup(C), American International Group(AIG) and Bank of America(BAC).

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When Sumner Met Betty

The entertainment giant is being valued as if its Paramount Pictures unit didn't exist. But Viacom's media properties, strong cash flow and dramatically improved balance sheet all deserve a new look.

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