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

3.72  ·  Rating Details ·  123 Ratings  ·  18 Reviews

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, thi
ebook, 176 pages
Published November 9th 2010 by Scribner (first published October 27th 2010)
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Clement Ting
The ideas are pretty general. You could probably figure the techniques out if you have some basic understanding on how the stock market works. Its just that simple. Nothing new or interesting, though I must commend the author for taking the time to give a great general view on how to arbitrage. It is definitely a good book for beginners. I would have given it a 5 star rating if the idea of arbitrage is totally new for me. For those that are already familiar with the idea, no harm spending 3 or 4 ...more
Alberto Lopez
Feb 22, 2017 Alberto Lopez rated it it was amazing  ·  review of another edition
Great insights! So, it turns out that Warren does use leverage. That was a surprise. Who knows what we will learn next. In any case, the book is easy to read and short; yet it comes packed with everything from Graham math to techniques for outstanding returns. Thanks to the leverage used, this book describes the not-buy-and-hold side of Buffett. In a way it feels naughty. For the expanded review see
Bettina Gee
This book was a quick read by only having 145 pages...
Jammed packed with formulas and situations to full one head with thoughts....
Argin Gerigorian
Feb 23, 2017 Argin Gerigorian rated it really liked it  ·  review of another edition
Great insights and perfect for beginners wanting to understand how to leverage and maximize annual rate of return!

Jonathan Perez
When I came across this short book earlier this year by Mary Buffett, the former daughter in law of the Oracle of Omaha, I already knew that Warren Buffett was a devoted Graham practitioner. But when the market didn't offer any bargains what did he do? I assumed that he waited patiently and did nothing. I was wrong. I learned here that he did a lot of stock arbitrage. I had not realized until reading this book, that it represented such an important portion of the returns of the partnership in th ...more
Blog on Books
Feb 04, 2011 Blog on Books rated it it was amazing  ·  review of another edition
Being known as America’s most famous investor means there are a lot of books about you. Biographies, profiles, “lessons from” tomes, you name it. Buffett is this generation’s most famous money man. But a new book on the subject zeros in tightly on where the Oracle of Omaha makes his biggest killings these days – stock arbitrage.

Authors Mary Buffett (Buffett’s former daughter-in-law) and (Omaha business writer) David Clark obviously have a special window in to the world of Buffett and according t
Arvind Dhupkar
Feb 11, 2017 Arvind Dhupkar rated it really liked it  ·  review of another edition
There is nothing special "Warren Buffet" thing there. It is a basic guidance book for Stock arbitrage investor explained in simple language
Kirk G. Meyer
Oct 03, 2015 Kirk G. Meyer rated it really liked it  ·  review of another edition
Shelves: business-finance
This is a well written book by Mary Buffett on how she thinks her dad, Warren Buffett, handles the art of stock arbitrage. If you do read the book it is well worth the time and it is a really short piece of writing but never the less it is powerful in nature. If you have the time to devote to picking companies to invest in with arbitrage in mind it does provide some valuable insights. But then you read the disclaimer and find out Warren Buffett did not provide any details for the book and it is ...more
Nov 25, 2013 Geoff rated it liked it  ·  review of another edition
Warren Buffets special investment situations strategy.

Time arbitrage, not market arbitrage in this book. Calculates returns in annual terms.

Certainty of the deal. Not potential profits or speculation. A guaranteed $2 return better than a $10 spec. If deal is certain, he will use leverage to amplify returns.
Merger & Acquisitions: Does not participate in M&A when the acquirer is a buyout firm or private equity group like KKR. Prefers business buying competitors or adding to the company; e
Mar 30, 2016 Javier rated it really liked it  ·  review of another edition
Good overview of different arbitrage opportunities. My favorite part was on friendly mergers. Using the calculations in the book, I was able to correctly calculate the arbitrage profit on a stock-for-stock deal for a friendly merger that is going now right now.
Thomas Müller
As a non-professional reading this book I felt a little guru-ed into buying it. I don't see how people on a good salary can exploit techniques obviously only suited for the already-rich. Then again, maybe it wasn't targeted at me...
Angela Keddy
It's likely better for someone who hasn't studied finance. I found it a bit basic, and couldn't really get into the formulas since I was listening to it as an audiobook. But, it was interesting enough.
Sep 16, 2016 Chad rated it liked it  ·  review of another edition
Shelves: 2016
A basic guide to special situations, but has almost nothing to do with Warren Buffett.
Joo Parn Ong
Feb 27, 2014 Joo Parn Ong rated it it was amazing  ·  review of another edition
A very easy to read book about stock arbitrage with various of examples and explanation.

A glimpse of what's inside:" A certain $2 profit is better than a speculated 1 million profit"
Jerry Williams
Extremely complicated content, summarized in a very short amount of text. I listened to the Audio version, but will probably do more research in text form.
Oct 06, 2015 VJ rated it liked it  ·  review of another edition
some examples are good. most of the book is amateurish giving definitions and not a good use of time.
Jake rated it it was amazing
Jun 27, 2012
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