Special situations make the impossible to obtain almost riskless profits. They were created by Maurece Schiller (1901-1994), an all-but unknown investment advisor toiling alone. This book contains his explanation and examples of this exciting field for value investors, including Schiller's jewel of a paper, "The Influence of the SEC and Present Market Conditions," published here for the first time. Warren Buffett wrote the "Never met Schiller, but read some his stuff." Contains not only Schiller's 100+ examples, but also 8 detailed modern case studies to illustrate special situations today.
Maurece Schiller was one of the master of special situation investing. I have to say that this book gives you a new way of thinking to stock market. It defines how special situations can bring easy profit without much risk. It's not something for beginners, easy to do or read though, be aware of that!