Below is the second clip from my 2007 letter to partners. The first post was a case study of Tribune Co., an arbitrage situation we participated in last year. "Give a man a fish and he eats for a day. Teach him to arbitrage, and he will eat for a lifetime."
Risk Arbitrage 101
Risk Arbitrage 101
Risk Arbitrage 101
Below is the second clip from my 2007 letter to partners. The first post was a case study of Tribune Co., an arbitrage situation we participated in last year. "Give a man a fish and he eats for a day. Teach him to arbitrage, and he will eat for a lifetime."