Category Archives: Announcements

Hedging Demystified audiobook cover

Hedging Demystified audiobook now available

With author Tim Bishop as narrator, Open Road Press has released Hedging Demystified in audiobook format.

The book contains practical, straightforward guidance on managing financial risk associated with fluctuating commodity prices, foreign currency exchange rates, interest rates, and weather. It lays out clear illustrations of how futures, options, and swaps work to curb risk. These illustrations are downloadable with the audiobook edition.

The book first came out in e-book format in 2014 when it was entitled Hedging Commodity Price Risk. When the print edition was released in 2019, the title was changed to Hedging Demystified: How to Balance Risk and Protect Profit.

You can find the audiobook version at Amazon/Audible (affiliate link), Barnes & Noble, Kobo/Walmart, and Libro, among other places.

Hedging Demystified

Paperback on hedging coming to market

Hedging Demystified

On July 1, 2019, Open Road Press will officially release in paperback Hedging Demystified: How to Balance Risk and Protect Profit. Written by experienced hedger, seasoned business professional, and award-winning author Tim Bishop, the book provides anyone who touches hedging in a business context with a basic understanding of the complex subject. It presents practical and straightforward examples of hedging and explains in plain English how it works.

Originally released in 2014 as an e-book called Hedging Commodity Price Risk: A Small Business Perspective, this primer on hedging has undergone a much-needed facelift. Tim Bishop talks about why:

The old title was not reader-friendly. Furthermore, it did a mediocre job of describing what the book contained and who it would benefit. The old title unnecessarily narrowed the target audience. Anyone anywhere who wants a better understanding of how futures, options, and swaps can manage financial risk will grasp the concept from this book. Business size is irrelevant as is the type of risk being hedged. Whether a business is hedging currency exchange, interest rates, weather, or more traditional commodities such as oil, corn, or coal, the hedging tools work in a similar fashion.

When I released this as an e-book, because of the cost of production and marketing I decided to table a print version and move on to other projects. My perception of the market size for the niche topic suggested it wasn’t worth a substantial investment. The ugly old red cover was a reflection of this stance.

That was before our transition to Small Press United in January 2019. As the small publishers’ arm of Independent Publishers Group, it offered us a cost-effective solution and ready access to important sales channels. I had already seen the book sell as an e-book, so a print-on-demand offering made sense.

Since I’ve begun marketing Hedging Demystified, however, some large organizations have expressed interest in using it to acquaint their constituents with the foundational principles of hedging. These organizations see the book’s potential as a marketing piece and a supplement to their own educational initiatives. Their clients often struggle to relate to them on the use of derivatives, which have tremendous potential to rescue business owners from economic catastrophe.

For more information about the upcoming release of Hedging Demystified, see this news release.

Announcing the Release of Hedging Commodity Price Risk

HedgingCommodityPriceRiskOpen Road Press is pleased to announce the release of Hedging Commodity Price RIsk: A Small Business Perspective by Tim Bishop. This ebook will help small businesses that can’t afford to hire staff specifically to manage their commodity price risk. It will also serve as a helpful guide to others who have an interest in hedging.

Hedging Commodity Price Risk explains:
– What commodity price risk is and how it can affect your business
– What hedging is and how it minimizes risk
– Specific hedging examples
– Hedging pitfalls and opportunities
– How to reduce exposure to rising interest rates
– How to protect against changes in foreign currency exchange rates
– How to hedge weather risk

For more on the author’s credentials, check out About the author. To read testimonials about the book, click here.

For full details on the book’s release, read this news release. To pick up a copy of Hedging Commodity Price RIsk, go to the Open Road Press store.

Thank you to the many colleagues, family, and friends who helped make this possible.

Coming soon!

Hedging Commodity Price RiskAre you having trouble sleeping at night worrying about how commodity costs will affect your business? Would you like to offer your customers price protection but you don’t know how to manage the risk? Or, are you just tired of watching your annual earnings bounce with the whims of commodity prices?

Hedging Commodity Price Risk: A Small Business Perspective by Tim Bishop is an ebook that explains hedging in plain, easy-to-understand language with practical examples. It’s coming soon to an ebookseller near you! Expected publication date in the summer of 2014.


UPDATE: Hedging Commodity Price Risk was published in September of 2014. You can purchase it in the Open Road Press store.