Risk Is An Asset. Capitalize On It.Turning Commodity Price Uncertainty Into A Strategic Advantage |
About the bookWayne Penello and Andrew Furman have spent over forty years investigating traditional hedging practices and innovating a better solution. And that innovation put them on a path to invent a groundbreaking approach to hedging.Risk Is an Asset tells the story of that invention and will transform your thinking about hedging strategies. You will learn that effective hedging is not a decision; it is a process they call “Process Risk Management,” or PRM. It is guided by risk metrics expressed in the same budgetary terms used to measure the success of your business. PRM helps each firm maintain focus on budgetary success and avoid the trap of trying to outguess the market. Why is measuring risk in budgetary terms important? Because if you measure the wrong things, you are unlikely to get the desired results. |
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 | Meet AndyAndy brings over three decades of experience in trading, commodities and compliance to the team. Prior to his tenure, Andrew was a portfolio manager for two hedge funds. An options expert, Andrew was the managing member of Atlantic Capital Consultants, a member firm on the NYMEX. |
"Straightforward and Extremely Useful"A must for every "risk management consultant" who wants to take his advisory to the next level. - Alexei P.
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"Practical & Comprehensive Overview"One of the more practical, comprehensive discussions without getting overly technical & focusing on the process keys to success. - Aaron
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"Risk & Uncertainty is Inherent in Everything"You can’t expect to maximize your performance if you don’t actively evaluate and manage risk in the business world (and in life, for that matter). Instead of paying “Risk” lip service, why not actively manage it? - P S Schechner
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"Interesting and Accessible"Clear and interesting read on what's presumed to be a difficult-to-understand topic. - Andy RC. |
