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Review title: A clear explanation of various derivative instruments.
Product review: This is an excellent Anthology of an often maligned andmisunderstood subject. The forward is written byFischer Black who is a pioneer in the derivativesindustry. These are clearly written essays onthe multiple and intelligent methods of using derivativesin varying investment environments. This is a book aboutfinancial choices and the opportunities that aboundfor end users of these products to hedge, diversify,insure against disaster and customize investmentpositions. This book should be on the desk of everyTreasurer or Money Manager who is entrusted withfiduciary responsibilities.
