The Special Situations Specialist
摘要
In many fields of study and practice, there are significant advantages in being a specialist over being a generalist. While being a specialist investor necessarily means either giving up on or outsourcing diversification, many investors will enjoy the advantages of specializing in an area where the investor has either interest or some other form of “edge”. This chapter spotlights ways of investing that specialize not only in a specific category of assets, but in responding to specific types of events, like mergers, spin-offs, or bankruptcies, which are not always available to invest in, but which can present the prepared specialist investor exceptional opportunities at the times they do appear.