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How to find the most promising SPACs and dodge the hidden dangers

Michael Brush
·6 min read
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Investing great Charlie Munger thinks the world would be better off without SPACs, saying this week that “this kind of crazy speculation” is a sign of an “irritating bubble.” SPACs have a lot of pitfalls, as I wrote about here. Here is a guide to what to look for in SPACs, or special purpose acquisition companies, which are known as blank-check companies that come public with the intention of merging real companies into them.