How Long to Read Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments

How Long Does it Take to Read Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments?

It takes the average reader 3 hours and 53 minutes to read Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments by Philip McBride Johnson

Assuming a reading speed of 250 words per minute. Learn more

Description

As a corporate manager or executive, you probably have little contact with the actual day-to-day trading of derivatives contracts. Regardless, your oversight responsibilities place your career directly in the hands of aggressive derivatives traders. Do you really know what they're up to? DERIVATIVES is the first and only book written for the manager who is not a derivatives expert but is responsible for the experts. Concise, uncomplicated, and often entertaining, it gives you a basic understanding and appreciation for these complex yet powerful financial tools. DERIVATIVES isn't another "how to trade" book. Instead, it eschews technical jargon and mathematical formulae to show you "how to survive" when derivatives inevitably cross your professional path. Real life examples of derivatives disasters (Proctor & Gamble's 1994 loss of $102 million, Barings Bank's 1995 loss of $1.3 billion, and the Belgian government's 1997 loss of $1.2 billion) are accompanied by analyses of where they went wrong. Far from the daredevil, all-or-nothing reputation they are often given, derivatives are basically conservative hedging instruments designed to REDUCE risk. They allow organizations to pass the assumption of natural risks to speculators (who intend to profit from those risks). From simple agricultural futures to the latest versions of credit derivatives and swaps, DERIVATIVES will give you a basic appreciation of how derivatives operate and where the dangers lie. Look to this comprehensive yet easy-to-read overview for valuable information on: How to instinctively recognize different types of risk, and choose the instruments which best counteract each; Examination of the legal environment for derivatives, and how to protect your firm from potential liabilities; Strategies to structure your firm's checks and balances to keep pace with the changing structure of the derivatives business. While it may be the quants and traders who make the costly errors, it is the managers and executives who ultimately answer to the authoritiesÑnot to mention their stockholders. DERIVATIVES will help you safeguard your company from undue risk, provide you with a new level of comfort and understanding regarding these vibrant and valuable risk protection tools, and help ensure that your companyÑand careerÑwon't be the next cautionary tale splashed across financial pages worldwide. Derivatives can be both beneficial and devastating. DonÕt let yourself get burned! Derivatives will give you a step-by-step tour through the amazing benefits of derivativesÑas well as an overview of their hazardsÑand put you firmly in control of your corporation's risk control program.

How long is Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments?

Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments by Philip McBride Johnson is 232 pages long, and a total of 58,464 words.

This makes it 78% the length of the average book. It also has 71% more words than the average book.

How Long Does it Take to Read Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 19 minutes to read Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments aloud.

What Reading Level is Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments?

Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments?

Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments by Philip McBride Johnson is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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