The Motley Fool's CAPS investing service is one of the newest additions to the community at Fool.com, and it's another great way for investors to work together to beat the market. One of the features in CAPS allows users to set up a blog to talk about their picks, investing strategy, market view, or what they just had for lunch (if they so desire).

I've scoured some of the most recent blog posts to bring you some of the content from CAPS players.

Value Investing Congress West
We'll start with some great highlights from Whitney Tilson's Value Investing Congress, recently held in Los Angeles. This comes to us from the blog of XMFJordan:

This is my 3rd Value Investing Congress and each time it has gotten better. I attended the pre-conference workshop (An Advanced Seminar on Value Investing) taught by Whitney Tilson and Glenn Tongue. Though this was my 3rd time through it, I came away with a whole new set of valuable insights and tools, while having others refreshed and reinforced.

For the two days of the core Congress, we heard from a succession of leading lights in value investing. Folks like Monish Pabrai (the man I would call "The Next Warren Buffett"), Robert Hangstrom ... , and Zeke Ashton.

My three themes for the Congress would have to be summarized as:

1. Margin of safety, margin of safety, margin of safety

2. Be fearful when others are greedy, and greedy when others are fearful

3. Look off the beaten path

The model of the congress is for a leading fund manager to give us a lesson on fishing and then to hand us a fish.

For example, Monish Pabrai continued his presentation of Dhando Investing which he has made at the last three congresses. His key theme in Dhando investing is to seek investment situations with a low level of risk, but a high level of uncertainty (the two aren't the same!). He walked us through his investment in a steel company as an example of this principal. He then gave us our fish: Delta Financial (NASDAQ:DFC).

The most interesting session of the congress had to be Robert Hangstrom's presentation of Google (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), and Yahoo! (NASDAQ:YHOO) as value stocks. His argument is that these are [growth at a reasonable price (GARP)] situations and should be considered as undervalued. I agree with many of his points -- and it is why I have been holding Google since the IPO.

Well, that is it from VIC West!

This has been XMFJordan's only blog post, but you can keep track of any new posts by visiting here.

Tubearoo
Not every stock has made it onto CAPS yet, but that doesn't mean that CAPS players can't still help one another avoid potentially bad investments. Self-proclaimed rookie CMCPHEE3 recently put up a blog post asking about a Pink Sheets stock called Tubearoo, a development-stage Internet company trying to be like YouTube. The stock closed Thursday's trading at $2.21 on an impressive volume of 1.6 million shares.

According to its first-quarter filing, the company has amassed total sales of $960 from June 1997 to the end of the most recent quarter. But if the company isn't showing much revenue yet, you can be sure that its public relations department is working hard. In the first 12 business days of May, I counted seven press releases from the company on Yahoo! Finance -- an impressive number.

A response to CMCPHEE3's blog post from TibetanTraveller reads:

I received an eight-page glossy on the 4th touting [Tubearoo's stock] in snail mail. All the important information was on the bottom of the seventh page in fine print. The company that put out the glossy is an advertising company which was paid over $1 million for the mailing by a third party investor. Looks like a pump and dump to me.

While CMCPHEE3's blog consists of two posts asking about Tubearoo, you may want to check out what TibetanTraveller has to say on his blog.

A look at Buffalo Wild Wings
And finishing with some fun in the CAPS blogosphere, I bring you the video pitch for Buffalo Wild Wings (NASDAQ:BWLD) from our very own TMF Knave: