Finally, it's here: a practical book about hedging written in plain, easy-to-understand language, with clear illustrations. Written for a businessperson by a businessperson, Hedging Commodity Price Risk: A Small Business Perspective explains:
- What commodity price risk is and how it can affect your business- What hedging is and how it minimizes risk
- Specific hedging examples- Hedging pitfalls and opportunities
- How to reduce exposure to rising interest rates
- How to protect against changes in foreign currency exchange rates
- How to hedge weather risk
With over thirty years of business expertise, including fourteen specific to all matters hedging, Tim Bishop shares his knowledge to make your job easier--and your business more sustainable. Written with a small business slant, Hedging Commodity Price Risk is an essential guide to any business that deals with commodities. It comes professionally edited complete with fully linked index, glossary, and helpful webpages.
With over thirty years of business experience, Tim Bishop has seen hedging from all angles. He designed, implemented, and executed a hedging program for a multimillion-dollar heating oil distributor. Furthermore, as company treasurer, he was responsible for not only cash management and reporting but also compliance with financial reporting standards, tax law, and debt covenants.
As one who regularly reported to both an outside board of directors and a management team, Bishop understands the challenges of communicating complex information to a multidisciplinary group of professionals who do not live and breathe hedging concepts. He also served as a director of the company’s primary commodity storage facility, so he appreciates the operational considerations of managing risk. Add in Tim’s background as a tax accountant and a CPA, and you have someone fully qualified to speak the languages of all parties who touch commodity price risk management.
In addition to consulting for small businesses, Tim Bishop has coauthored four books with his wife, Debbie, about their midlife launch into marriage, cross-country bicycle touring, and other matters of faith and inspiration. The Bishops serve as volunteer hope coaches for TheHopeLine, a nonprofit organization that seeks to reach, rescue, and restore hurting teens and young adults. The couple blog at www.openroadpress.com.
Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.
Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.