Merger Masters: Tales of Arbitrage
Merger Masters presents revealing profiles of monumentally successful merger investors based on exclusive interviews with some of the greatest minds to practice the art of arbitrage. Michael Price, John Paulson, Paul Singer, and others offer practical perspectives on how their backgrounds in the risk-conscious world of merger arbitrage helped them make their biggest deals. They share their insights on the discipline that underlies their fortunes, whether they practice the "plain vanilla" strategy of announced deals, the aggressive strategy of activist investment, or any strategy in between on the risk spectrum.



Merger Masters delves into the human side of risk arbitrage, exploring how top practitioners deal with the behavioral aspects of generating consistent profits from risk arbitrage. The book also includes perspectives from the other side of the mergers and acquisitions divide in the form of interviews with a trio of iconic CEOs: Bill Stiritz, Peter McCausland, and Paul Montrone. All three took advantage of M&A opportunities to help build long-term returns but often found themselves at odds with the short-term focus of Wall Street and merger investors. Told in lively, accessible prose, Merger Masters is an incomparable set of stories with plenty of unfiltered lessons from the best managers of our time.
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Merger Masters: Tales of Arbitrage
Merger Masters presents revealing profiles of monumentally successful merger investors based on exclusive interviews with some of the greatest minds to practice the art of arbitrage. Michael Price, John Paulson, Paul Singer, and others offer practical perspectives on how their backgrounds in the risk-conscious world of merger arbitrage helped them make their biggest deals. They share their insights on the discipline that underlies their fortunes, whether they practice the "plain vanilla" strategy of announced deals, the aggressive strategy of activist investment, or any strategy in between on the risk spectrum.



Merger Masters delves into the human side of risk arbitrage, exploring how top practitioners deal with the behavioral aspects of generating consistent profits from risk arbitrage. The book also includes perspectives from the other side of the mergers and acquisitions divide in the form of interviews with a trio of iconic CEOs: Bill Stiritz, Peter McCausland, and Paul Montrone. All three took advantage of M&A opportunities to help build long-term returns but often found themselves at odds with the short-term focus of Wall Street and merger investors. Told in lively, accessible prose, Merger Masters is an incomparable set of stories with plenty of unfiltered lessons from the best managers of our time.
24.99 In Stock
Merger Masters: Tales of Arbitrage

Merger Masters: Tales of Arbitrage

by Kate Welling, Mario Gabelli

Narrated by Chloe Cannon, Jonathan Yen

Unabridged — 17 hours, 19 minutes

Merger Masters: Tales of Arbitrage

Merger Masters: Tales of Arbitrage

by Kate Welling, Mario Gabelli

Narrated by Chloe Cannon, Jonathan Yen

Unabridged — 17 hours, 19 minutes

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Overview

Merger Masters presents revealing profiles of monumentally successful merger investors based on exclusive interviews with some of the greatest minds to practice the art of arbitrage. Michael Price, John Paulson, Paul Singer, and others offer practical perspectives on how their backgrounds in the risk-conscious world of merger arbitrage helped them make their biggest deals. They share their insights on the discipline that underlies their fortunes, whether they practice the "plain vanilla" strategy of announced deals, the aggressive strategy of activist investment, or any strategy in between on the risk spectrum.



Merger Masters delves into the human side of risk arbitrage, exploring how top practitioners deal with the behavioral aspects of generating consistent profits from risk arbitrage. The book also includes perspectives from the other side of the mergers and acquisitions divide in the form of interviews with a trio of iconic CEOs: Bill Stiritz, Peter McCausland, and Paul Montrone. All three took advantage of M&A opportunities to help build long-term returns but often found themselves at odds with the short-term focus of Wall Street and merger investors. Told in lively, accessible prose, Merger Masters is an incomparable set of stories with plenty of unfiltered lessons from the best managers of our time.

Editorial Reviews

Publishers Weekly

09/10/2018
This insular presentation from Welling, the publisher of the financial journal Welling on Wall St., and Gabelli, the CEO of Gamco Investors Inc., consists of a hyperfocused roundup of top merger investors. As the authors explain, arbitrage investors take the name for their field from the French, eschewing the English equivalent “scalpers”; they work in mediated mergers, trading securities involved in announced corporate events in order to manage the trader’s risk, should the event—which could be a merger, or a reorganization—fall through. This ensemble-cast portrait of both traders (“arbs”) and CEOs offers a glimpse into the backgrounds of successful financiers, including their career paths, successes, and failures. The authors have crafted profiles for such luminaries as Paul Singer, Jeffrey Tarr, and Guy Wyser-Pratte. Though the subjects’ experiences vary, one thing unites them: all 21 are white (and 19 are men). The authors missed a crucial opportunity to broaden the image of who a trader is, and the result is a disappointingly familiar dog-and-pony show of the 1%. (Nov.)

Paul Johnson

Merger Masters is a rare combination of fascinating stories about legendary deal makers and battle-seasoned techniques for deal making. Reading the interviews will provide important lessons and invaluable, time-tested investment insights. There is no one better to draw out the lessons than Kate Welling and Mario Gabelli.

Joel Tillinghast

In this engrossing book, Welling and Gabelli explore the thinking of the mavens who arbitrage the big deals on Wall Street. Risk arb turns out to be an extreme form of value investing, with more precise valuation and risk selection, overlaid with game theory. A must-read for professionals.

Louise Yamada

Kate Welling, in her inimitable manner, has captured the individuals, articulated their talents and accomplishments, bringing her lifetime skills as a superb financial journalist to the task.

Regulation

Raises the curtain on arbitrage strategy by profiling leading practitioners.

Choice - F. A. Marino

Not the typical account of specific corporate combinations found in most books on merger. [The authors] look at corporate deals and risk arbitrage through the eyes of some of the most accomplished individual participants in this field.

A. Gary Shilling

I highly recommend this fascinating look into the world of risk arbitrageurs. Wall Street veterans Kate Welling and Mario Gabelli provide keen insights into a part of the investment business that has long been seen as mysterious. They skillfully pull back the curtain on the industry by talking to players on both sides—the “arbs” and the corporate managers, all of whom have interesting and valuable stories to tell. For anyone interested in learning about merger arbitrage from the key players, this is the book to read!

Leon G. Cooperman

The authors bring together into one publication excellent insight from the masters in the art of merger arbitrage. A strategy designed to yield the practitioner excellent profits. A very worthwhile read.

Leon G. Cooperman Founder

The authors bring together into one publication excellent insight from the masters in the art of merger arbitrage. A strategy designed to yield the practitioner excellent profits. A very worthwhile read.

Product Details

BN ID: 2940175227445
Publisher: Ascent Audio
Publication date: 08/23/2022
Edition description: Unabridged
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