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    Hedging Demystified: How to Balance Risk and Protect Profit
    Hedging Demystified: How to Balance Risk and Protect Profit
    Hedging Demystified: How to Balance Risk and Protect Profit
    Audiobook5 hours

    Hedging Demystified: How to Balance Risk and Protect Profit

    Written by Tim Bishop

    Narrated by Tim Bishop

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    About this audiobook

    Do changes in:

    • commodity prices
    • interest rates
    • foreign currency exchange rates
    • or weather

    jeopardize your bottom line?

    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

    Hedging Demystified is an essential guide to any business that deals with commodities, debt, international trade, or weather. This primer on hedging brings clarity and direction to make your business more sustainable. Downloadable illustrations accompany the audiobook.

    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.

    LanguageEnglish
    PublisherOpen Road Press
    Release dateOct 11, 2023
    ISBN9798986012537

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    Reviews for Hedging Demystified

    4/5

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    • 5/5
      Well written and easy to understand. Good examples and real world implementation throughout the book.
    • 4/5
      Though I was first introduced to Tim Bishop by the travelogue Two Are Better, which he and his wife Debbie wrote as newlyweds on their coast to coast bicycle honeymoon, Tim requested me to read and review his other book Hedging Commodity Price Risk. Quite different stuff to put your teeth in. Bishop's target audience is owners or managers in SME facing the challenges of changing commodity prices, interest rates, weather conditions. Hedging instruments to offset or mitigate these risks, and accompanying accounting rules can be perceived as too difficult or understandable for mere mortals. To be honest, that part of business economics wasn't my favorite during my master's study.Hedging Commodity Price Risk is quite accessible, without simplifying or bypassing tough topics. Bishop deals with the several risks you run as business. Then the concept of hedging and the several instruments are dealt with. Specific examples in tables or illustrations help to understand the effects. Pitfalls and opportunities, stakeholders and the relationship you need with them, accounting principles and consequences of hedging for tax filing.A practical book, with a glossary included and lots of references to web sites providing background information, up to date rates and conditions. The book's written from a US perspective and (relatively) small business in mind. Readers from abroad need to seek local advice on country specific rules and details. The book's a great source of information from a seasoned practitioner.