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Risk Is an Asset: Turning Commodity Price Uncertainty Into a Strategic Advantage

Risk Is an Asset: Turning Commodity Price Uncertainty Into a Strategic Advantage

Hardcover

Investing & FinanceManagement

Currently unavailable to order

ISBN10: 1950863026
ISBN13: 9781950863020
Publisher: Forbes Books
Published: Aug 11 2020
Pages: 240
Weight: 1.30
Height: 1.00 Width: 6.10 Depth: 9.10
Language: English
WAYNE PENELLO AND ANDREW FURMAN have spent the better part of 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 it will transform the way you think about hedging strategies. What you will learn by reading this book is 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 its own budgetary success and avoid the trap of trying to outguess the market.

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