Includes glossary and index.

Overview of Warren's very profitable world of stock arbitrage and special investment situations -- What creates Warren's golden arbitrage opportunity -- Overview of the different classes of arbitrage that Warren makes millions investing in -- Where Warren begins - the public announcement - the beginning of the path to arbitrage riches -- The arbitrage risk equation Warren learned from Benjamin Graham and how it can help make us rich -- How Warren uses the annual rate of return to determine the investment's attractiveness -- Leverage and arbitrage - how Warren uses borrowed money to triple his returns -- Overview of mergers and acquisitions - where Warren has made millions -- Friendly mergers - Warren's favorite arbitrage investment -- Friendly merger arbitrage - things Warren considers when determining the probability of completion -- A friendly merger arbitrage case study: Berkshire's merger with BNSF -- Acquisitions - the hostile takeover - the most dangerous place Warren goes to make money -- Securities buybacks/self-tender offers - how Warren arbitrages them to make even more money -- How Warren has made hundreds of millions investing in corporate reorganizations -- Corporate liquidations - how Warren turns them into liquid gold -- Corporate spin-offs - how Warren made a fortune investing in them -- Corporate stubs - where Warren got his start in arbitrage -- Where Warren looks to find the golden arbitrage deals -- Tendering our shares - how Warren cashes in.

Analyzes Buffett's techniques for arbitrage and special situations investing and offers step-by-step instructions on how to take advantage of such events as spin-offs, liquidations, recapitalizations, and tender offers.