Geoff Gannon provides additional insight into Buffett's recent 13F.

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).

Wall Street and the private market may differ substantially in their valuations of a business, and that’s an opportunity for the Boyar Value Fund. The fund aims to buy businesses at a significant discount to their intrinsic value with the idea that, over time, the market will value them appropriately, or they will be acquired. Relying on in-depth fundamental research, the manager Mark Boyar runs