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How to Make Money with Commodities Hardcover – January 8, 2013
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About the Author
ANDREW T. HECHT spent nearly 35 years on Wall Street, including two decades at the trading desk of Phillipp Brothers, which became Salomon Brothers and ultimately part of Citigroup. Over the past three decades, he has researched, structured, and executed some of the largest trades ever made, involving huge quantities of precious metals and bulk commodities. Hecht contributes to Traders Magazine and consults for CQG and other companies involved in trading, producing, and consuming commodities. He is a member of the Mercy College MBA program executive network.
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Top Customer Reviews
To be sure, there are some great stories from his days trading commodities. The story of Andy Hall and the first Iraq war, or the world's largest sugar cube, or about the man whose word moves the cacao markets were all worth the price of admission. But in general the impression was that the book could have been pitched at a slightly higher level without the loss of much comprehension or interest. But in that vein, he does suggest that nat gas and silver are two markets to watch, and he makes some interesting comments about the lack of physical silver backing up futures trades in the yellow metal. Interesting. In addition, Mr. Hecht projects complete competence and knowledge, and the reader gets the impression there are few people who know more about the commodity markets. Altogether, an excellent introduction to the commodity markets, with an emphasis on intro.
The book is defined by chapters that work as great lessons to digest. Written in terms that make it easier for the average person to enjoy, I recommend it for every investor.
The author's real life experiences and stories also kept my interest throughout and I very much enjoyed the history. And I will definitely pay attention to the "Easy Tips"...
Mr. Hecht passes along years of experience and Mr. Smith turns it into a great read. You will never regret buying this book.
Most Recent Customer Reviews
This book is boring and doesn't provide any information that you could't find in wikipedia. The author might have many years of experience but from the reading I assume that he's... Read morePublished 8 months ago by Ignacio
this guy took 30 yrs to write a book why take so long ? sounds very strange to mePublished 12 months ago by RICHIE VEGAS
The book is useful for providing an overview of each commodity sub-sector (genesis, main characteristics, who are the main producers/consumers, etc. Read morePublished 15 months ago by A reader
I found this book to be very disappointing. It went over some basic background information, but never covered any actual trades that show how to make money trading commodities. Read morePublished 21 months ago by William Disney
I thought it would be a difficult read but the Author makes this complex subject easy to understand while being full of insight.Published on September 21, 2013 by R. Sequeira