Publisher's Synopsis
Do changes in:
- commodity prices
- interest rates
- foreign currency exchange rates
- or weather
Finally, it's here: a practical, straightforward book on how to manage those uncertainties. It contains clear illustrations of how futures, options, and swaps work to curb risk. Written for a businessperson by a businessperson, this handbook explains:
- The mechanics of hedging
- How hedging protects wealth
- How to achieve more predictable earnings amid the unpredictable
- Specific examples of hedging
- Hedging opportunities and pitfalls
