Bloomberg guest Jay Pestrichelli and financial industry veteran Wayne Ferbert show how to protect yourself against violent downturns while giving your portfolio maximum room to run in upward markets. In , you will learn how to apply hedging as part of a long-term program for growing and preserving your assets. You'll discover how to take advantage of the hedge-building mechanisms built into low-cost index funds...invest in your ideas with confidence because you've hedged the downside...systematically manage portfolios for risk as well as return... "'Buy and hold': How many times have you heard that phrase? If the last ten years have taught us anything it's that 'buy and hold' has become as obsolete as a VCR. In , Jay Pestrichelli and Wayne Ferbert have provided the average investor with a road map for success in today's turbulent markets. Over the years I have learned that there are no magic bullets for investing, but this book highlights common sense and winning strategies that will protect and grow your hard-earned cash." - Guy Adami, CNBC's "If you are a beginner, [this book] will introduce you to concepts you may have never even considered in a straightforward, easy to understand manner. And if you have been investing for yourself for years, you will still find the discussion of risk and the advanced tactics enlightening. is a great resource that you will consult time and again as you master each tactic." - Pete Ricketts, TD Ameritrade Board member, Chicago Cubs Board member, and former COO, Ameritrade