"Financial books are not easy to read, especially ones about derivatives; however, I have read Dr. Ugan’s Portfolio Insurance book at once. It has been long overlooked that stock investment is a long-term commitment, volatility can be reduced by using derivatives, and even capital investment can be hedged fully or partially. This study gives an answer to propositions claim that derivatives have no economical function. This is such a kind of book that every person who pursues a career in capital markets should read as well as portfolio managers."

İlhami KOÇ, Deputy General Manager of İş Bank