For the sophisticated investor true hedging - whether with warrants, convertible bonds, options, or other instruments - is the only method for making above-average profits in any kind of market with below-average risk. The secret is the use of what have, traditionally, been considered speculative tools in a relatively conservative fashion. The rudiments are straightforward and can be mastered by any investor. The average investor has long eschewed the speculator’s tools. Warrants, puts and calls, and short selling smack of the mysterious and the dangerous. These techniques are supposed by many to be too risky for any but the most sophisticated investor. The Long and the Short of Hedging explains in laymen’s language exactly what these hedging tools are an demonstrates, with a careful use of examples, how to imply them. The book describes the fundamentals of leverage and the price relationship between convertible instruments and their underlying common stock. In addition, it explains the mechanics and strategy of margining and short selling.
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Seller: ThriftBooks-Atlanta, AUSTELL, GA, U.S.A.
Hardcover. Condition: Good. No Jacket. Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0809290308I3N00