Title: Harvard Business School - Working Knowledge
Product review: Derivatives: The Tools That Changed Financeby Phelim P. BoyleRisk Books, 2001HBSWK Pub. Date: Oct 22, 2001If you start to feel queasy when the conversation turns to derivatives, this is the book for you. Finance professor Phelim Boyle and his fund manager son, Feidhlim, have teamed up to demystify derivatives for the layman in Derivatives: The Tools That Changed Finance. Starting with the underlying concepts behind derivatives, this dynamic duo explains what derivatives are, how they can decrease (or increase) risk, and how they work. Using analogies of tennis matches, hanging chads, and walks in the woods, the authors bring the concept of derivatives down to earth. If your company uses derivatives to manage risk, or you just want to know what they are all about, you'll get a great education with this small investment.
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