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+Investing beginners will learn all the skills—soup to nuts—they need 
+to successfully and confidently invest in the stock and options market. peo-
+ple who have some experience in options and who may have used covered 
+calls, protective puts, and the like will find out how to greatly improve their 
+results from these investments and how to use options in other ways as 
+well. professional money managers and analysts will develop a thorough 
+understanding of how to effectively incorporate option investments into 
+their portfolio strategies and may in fact be encouraged to consider ques-
+tions about valuation and behavioral biases in a new light as well.
+The approach used here to teach about valuation and options is 
+unique, simple without being simpleminded, and extremely effective in 
+communicating these complex topics in a memorable, vivid way. r ead-
+ers used to seeing option books littered with hockey-stick diagrams and 
+partial differential equations may have some unlearning to do, but no mat-
+ter your starting point—whether you are a novice investor or a seasoned 
+hedge fund manager—by the end of this book, I believe that you will look 
+at equity investing in a new light.
+xvi  •   Introduction