Ann: Update on the Proposal from Alimentation Couche-Tard, page-12

"I've already got something from it: "Option sellers, it is said, eat like chickens and go to the bathroom like elephants." Even if the book were to provide no further insight it offers a colourful turn of phrase."

If that's the extent to which you will benefit from that publication, I'm afraid it will be a shame.

The chapters about alternative histories (in statistics-speak: alternative sample paths) go to the heart of risk-management and capital preservation when investing in publicly-traded securities.

I've read numerous books over the past two-and-a-half decades on finance theory and investing, but none informed the way I go about allocating investment capital to the same extent as this one.

The bizarre thing is that I consider myself to be a value investor, yet this particular book makes almost zero reference to the art/science of value investing.