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Title details for Warren Buffett and the Art of Stock Arbitrage by Mary Buffett - Available

Warren Buffett and the Art of Stock Arbitrage

Proven Strategies for Arbitrage and Other Special Investment Situations

by Mary Buffett
David Clark
Audiobook
1 of 1 copy available
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1 of 1 copy available
"Give a man a fish and you will feed him for a day. Teach a man to arbitrage and you will feed him forever." —Warren Buffett


Warren Buffett and the Art of Stock Arbitrage is the first book to explore the secret world of Warren Buffett's arbitrage and special situations investing. Long considered one of the most powerful and profitable yet least understood of Buffett's investment operations, these special types of investments have been the edge that has made Warren Buffett the world's greatest investor.


This book examines Buffett's special brand of arbitrage investing, which involves taking advantage of short-term price discrepancies that often occur when one company offers to buy another company. Though these discrepancies are small, they offer almost risk-free investment opportunities that have given Buffett an average annual rate of return of 23 percent on his invested capital. Buffett's strategies for investing in special situations like spin-offs, liquidations, recapitalizations, and tender offers are also explained. This body of investment opportunities, though small in number, has allowed Buffett to make substantial investments that give him high returns with very little risk.


Mary Buffett and David Clark, the authors of four bestselling books on Warren Buffett's investment methods, take the listener deep into the world of Buffett's arbitrage and special situation operations, giving us his strategies, his math equations for determining value, and dozens of examples of his investments in this very lucrative segment of investment operations.


In the years that Buffett's normal portfolio of long-term investments has done poorly, it is his investments in arbitrage and special situations that have lifted his performance to the record levels that have made him the second richest man in the world.

  • Creators

  • Publisher

  • Release date

    November 9, 2010

  • Formats

    • OverDrive Listen audiobook

      • ISBN: 9781400198610
      • File size: 99964 KB
      • Duration: 03:28:15

  • Languages

    • English

  • Reviews

    • Publisher's Weekly

      March 28, 2011
      Buffett, once a member of Warren's immediate family, and Clark, a writer with a background in finance and law (Warren Buffett's Management Secrets), tackle Mr. Buffet and stock arbitrage this time out. Warren Buffett is known for his ability to pick undervalued stocks and turn around beaten-down companies. He is less well known for his use of stock arbitrage, and the authors advance the argument that this method, though not particularly flashy, has been an excellent money maker for him. They take the reader through the different types of arbitrageâfriendly mergers, hostile takeovers, self-tender offers, liquidations, spin-offs, stubs and reorganizations. In many of these, the stakes seem large and the profit seems small, but they yield a high percentage return. Mr. Buffett is rarely quoted directly in this short volume, but the authors provide numerous examples in how to implement his strategies. Even with his techniques explained however, not all will be enjoy Mr. Buffet's results.

Formats

  • OverDrive Listen audiobook

subjects

Languages

  • English

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