Special situations make the impossible possible: 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 editor: "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.