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Warren Buffett and the Art of Stock Arbitrage : Proven Strategies for Arbitrage and Other Special Investment Situations    - Mary Buffett

Warren Buffett and the Art of Stock Arbitrage

Proven Strategies for Arbitrage and Other Special Investment Situations

Hardcover Published: 9th November 2010
ISBN: 9781439198827
Number Of Pages: 176

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Investors around the world recently learned that from 1980 through 2003 Warren Buffett's arbitrage operations produced an astronomical average annualized rate of return of 81.28%. Even more amazing, this incredible rate of return was produced with very low rates of risk. Long considered one of the most powerful and profitable of Buffett's investment operations, but the least understood, these special types of investments have been the edge that made Warren Buffett so phenomenally successful. Warren Buffett and the Art of Stock Arbitrage is the first book to examine Buffett's special brand of arbitrage investing. Buffettologists Mary Buffett and David Clark explore the previously secret domain of Warren Buffett's stock arbitrage investments. They explain how Buffett finds deals, evaluates them, picks the winners from the losers, and when he is willing to use leverage to help boost his performance in these investments to make amazing profits. Basic mathematical equations are included to help readers determine the projected rate of return, evaluate risk, and determine the probability of the deal being a success. Buffett and Clark provide detailed explanations and examples of Warren Buffett's methods for arbitrage, and for investing in tender offers, liquidations, spin-offs, and reorganizations. They take readers step by step from the initial public announcement to tendering shares, explaining how Buffett evaluates risk and maximizes his profit at every step.

Warren Buffett and the Art of Stock Arbitrage is a valuable companion to the other books in Buffett and Clark's successful series—Buffettology, The Buffettology Workbook, The New Buffettology, The Tao of Warren Buffett, Warren Buffett and the Interpretation of Financial Statements, and Warren Buffett's Management Secrets.

About The Author

Mary Buffett is an international bestselling author and speaker on the investment methods of Warren Buffett. She gained her unique insight while married to Warren's son Peter for twelve years. She is gifted in her ability to make the complex world of investments easy to understand and has done so before audiences from California to New York to London to Beijing.

David Clark holds degrees in both finance and law, and in the late seventies was the founding member of the original Buffettologists – a small group of early Berkshire shareholders who studied the investment methods of Warren Buffett. He is now recognized as one of the world's leading authorities on the subject and has written extensively on it. He lives in Warren Buffett's hometown, Omaha Nebraska, and is the Managing Director of a private partnership that invests primarily in arbitrage situations.

"International bestselling authors Mary Buffett and David Clark explain how arbitrage turned Warren Buffett from a great investor into a worldwide phenomenon. Arbitrage presents the average investor with the greatest opportunities they may ever have to generate high returns with low risk. Every year many arbitrage deals come along that are within every investor's grasp . . . if you learn how. Warren Buffett and the Art of Stock Arbitrage takes you behind the scenes for a serious exploration of arbitrage techniques that work. I suggest you study and put into practice these simple concepts."

--Gabriel Wisdom, author of Wisdom on Value Investing and syndicated radio host


"The use of arbitrage and special situation investing has always been Warren Buffett's golden lever; yet few investors have realized its value in portfolios, until now. Kudos to David Clark and Mary Buffett for finally bringing these strategies to light and revealing the final puzzle pieces in Buffett's great career."

-- Timothy P. Vick - Senior Portfolio Manager, The Sanibel Captiva Trust Co., author, How to Pick Stocks Like Warren Buffett

ISBN: 9781439198827
ISBN-10: 1439198829
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 176
Published: 9th November 2010
Publisher: Simon & Schuster
Country of Publication: US
Dimensions (cm): 19.7 x 15.3  x 1.8
Weight (kg): 0.28