Description:
This primer on hedging describes seven types of financial risk that the proper use of futures, options, and swaps will mitigate. Includes commodities, FX, and interest rates. From an award-winning author with years of hedging experience.
Brief description: A CPA and former corporate treasurer with over thirty years of business experience, Tim Bishop has seen hedging from all angles-as scout, strategist, tactician, trader, accountant, supervisor, and treasurer. He knows how to distill the complexities of financial risk for people who are looking for answers.
Review Quotes:
Tim Bishop capitalizes on his expertise to provide an overview of hedging of commodity price risk in a straightforward manner that doesn't require prior knowledge or a strong financial background. This book will be beneficial to both newcomers to the subject area as well as those wanting to broaden their understanding.
- Joe Smith, VP, an energy marketing and distribution company
The texts are laid out in a way that makes the relevant issues easy to understand and separate from one another in spite of dealing with an already complex topic. ...I particularly enjoyed the chapter on basis, I thought the layout was excellent.
- Jordan Ness, Fuels Trader, Chemoil, a division of Glencore
I've witnessed Tim Bishop's expertise and professionalism for years. As the partner in charge of auditing the company where he ran a mission-critical hedge program, I know he has the knowledge and skill to explain a complex topic like hedging in an understandable way. I read this book and it does just that.
- Marty White, Retired Audit Principal, a regional CPA firm
We had the benefit of Tim's unique skills, perspective and financial advice for many years. In a phrase, "Tim has been there, done that." This is a comprehensive and useful book, one which will truly assist specialized financial managers as well as operators who face commodity price and supply risks.
- Bob Moore, Chairman and CEO, Dead River Company
I read Hedging Demystified and I thought it was great--so user friendly. It answers so many questions that a new face to hedging may not think to ask until it's too late.
- Heather Bergeron, Managing Director, Dixie Asset Management
Tim Bishop has managed to take a very difficult topic and make it understandable for all. I particularly like the numerous illustrations and the ability to "toggle" from chapter to chapter as key topics are revisited. I will be using this book as a key reference tool.
- Charlie Hahn, CFO, Dead River Company