Risk Takers

Preface

The third edition of Risk Takers: Uses and Abuses of Financial Derivatives follows the precedent set by the second edition, with chapters focusing on the abuses of financial derivatives continuing to displace those explaining their beneficial uses. Yes, there is solace in knowing the same is true of financial stories we read and hear about every day. After all, when was the last time the news focused on a company using derivative instruments to stabilize revenues and costs, provide more job security to its employees, increase chances for continuous debt repayment, enhance shareholders’ long-term returns, or provide management with good-nights’ rest, knowing they were able to transfer to others risks that they were either unwilling or ...