This is another wonderful book from Mary Buffett and David Clark. Last year, I read their "Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage", many doubts on how Warren read financial statements are clarified. This year, I am further enlightened by how Warren benefits from the companies mergers, take overs, reorganization .... . The book provides very good insight on each condition and how Warren goes about it.
Steps mentioned in this book provide good step by step guide on how to. However, not all steps are feasible in Malaysia. For example, for friendly merger, Warren will buy subdominant company's share and sell short dominant company. There is no problem on the first part of the equation, i.e. to buy subdominant company's share, but the second part. Malaysian is not allowed to sell short in Bursa.
Anyway, it is a great book to own and understand how stock arbitrage is working and how to play it safe.
Happy reading.
Book Review: Warren Buffett and the Art of Stock Arbitrage
Reviewed by Pisstol Aer
Published :
Rating : 4.5
Published :
Rating : 4.5
