Maurece Schiller
Maurece Schiller began his Wall Street career in 1922 just in time to witness the 1929 Crash and Great Depression. This experience led him to his life's work: practice and study of special situations, designed to avoid risk for clients. Beginning in the 1930s and into the 1960s, he invented new and refined existing special situations so the investor could reap nearly riskless rewards - fortunes - in the stock market. With a combination of his academic and scholarly bent, Schiller specialized in research on investment risks, public utility and railroad reorganizations, arbitrage or hedging, and distressed debt/bankruptcy.
MORE ABOUT MAURECE
Schiller began his career in Wall Street in 1992. He served as Director of Research at Newburger Loeb & Co., a firm primarily serving individual clients.
In 1955, he published the first known book on special situations investing as a field beyond distressed debt, reorganizations and arbitrage, and published four more through 1966.
With a combination of his academic and scholarly bent, Schiller specialized in research on investment risks, public utility and railroad reorganizations, arbitrage or hedging, and distressed debt/bankruptcy.