Experienced hedger and award-winning author Tim Bishop lends insight to businesses on curbing financial risk
(PRUnderground) June 6th, 2019
Open Road Press is releasing in paperback “Hedging Demystified: How to Balance Risk and Protect Profit” by Tim Bishop on July 1, 2019. The book will help businesses in various industries to better manage their financial risks.
“‘Hedging’ and ‘derivatives’ aren’t dirty words,” Tim Bishop said. “They’re not for every business, but some companies are bleeding profits because they don’t understand how derivatives work. ‘Hedging Demystified’ will bring them clarity and direction.”
A CPA and former corporate treasurer with over 30 years of business experience, Tim Bishop has seen hedging from all angles – as scout, strategist, tactician, trader, accountant, supervisor, and treasurer. He hedged heating oil for 14 years for a New England company.
Designed as a primer with clear examples and straightforward explanations, Bishop’s latest release describes seven types of risk that futures, options, and swaps can mitigate. Hedging them will help avoid operating losses for businesses and financial catastrophes for their owners. In addition to conventional commodity risk topics, the book addresses risks associated with foreign currency exchange rates, interest rates, and weather.
Joe Smith, who has managed price risk for businesses large and small, said this in the foreword: “Although Bishop’s book can be readily understood without prior experience with hedging, there is still a substantial amount of pertinent information for readers who already have a solid understanding of the topic. He has written an excellent introductory book on hedging.”
Along with his coauthoring wife, Debbie, Tim Bishop has received acclaim in recent years for the couple’s award-winning book “Wheels of Wisdom,” which captured 52 aha moments from their bicycling adventures across America – and eight book awards. “Writing is writing,” Bishop said. “Whether you are trying to describe a breathtaking bicycle ride through Lolo Pass or how a futures contract can reduce risk, writing comes down to understanding your audience and the topic, and then delivering your message with enough clarity, conviction, and skill that it resonates with readers.”
Learn more about Bishop’s book at http://hedging.openroadpress.com. With 17 illustrations and 192 6″ x 9″ pages, “Hedging Demystified” is available for preorder now at its retail price of $21.99. The content was released in e-book format in 2014 as “Hedging Commodity Price Risk: A Small Business Perspective,” which has been rebranded with the new title and book cover. Open Road Press books are distributed by Small Press United, a division of Independent Publishers Group.
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