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.)
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 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.
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.
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
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Merger Masters: Tales of Arbitrage
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Product Details
BN ID: | 2940175227445 |
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Publisher: | Ascent Audio |
Publication date: | 08/23/2022 |
Edition description: | Unabridged |
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