D. Paul Schuilwerve, Director, Trade & Commodity Finance, MeesPierson NV, Singapore :
"How to Make Money Without Money provides enlightening reading on the subject of letters of credit. This book is not only a worthwhile introduction to the pitfalls awaiting the lay trader starting his business, but also gives a step by step guide to the execution of trade transactions."
Antoine Lolas, Manager, Documentary Credits, Royal Bank of Canada :
"This book gives a smooth and interesting introduction to the domain of letters of credit for new and experienced traders alike."
Michael Rolfe, Manager, Commodity Trade Finance, Generale Bank, London :
"This book gives a real trader's perspective on the world of trade finance from the signing of the deal to the realization of profit, outlining the pitfalls that await the novice and experienced trader."
Raoul Gisler, First Vice President, Head of Trade and Commodity Finance, UBS, Geneva :
"How to Make Money Without Money The Art of Transferable Letters of Credit and Assignments of Proceeds is certainly a valuable reference book for specialists or non-specialists on the subject of letters of credit. The amount of information contained in the book is considerable for people wishing to better understand the particulars of trade finance techniques."
Pierre-Olivier Fragniere, Head of Trade and Commodity Finance, Banque Nationale de Paris, Geneva :
"This book is a real treasure and offers top-level guidance for all people involved in international trade finance."
Marianna M. Kuzanova, Head of Documentary Business Division. Unexim Bank, Moscow :
"How To Make Money Without Money - The Art of Transferable Letters of Credit and Assignments of Proceeds is certainly a valuable reference book for specialist or non-specialist on the subject of letters of credit. The amount of information contained in this book is considerable for people wishing to better understand the particulars of trade finance techniques."
David R. Meldahl, Manager, Beverage/Industrial Alcohol, Archer Daniels Midland Company :
"The book is very impressive. I will keep it on my desk as a reference guide to my everyday business dealings."
J.R. Reynolds, KRNV FM Radio :
"The title How To Make Money Without Money is a grabber! A compelling read...this book will bring out the entrepreneurial spirit in you."
Review from The Midwest Book Review :
"In How To Make Money Without Money, entrepreneur and financier Jacob Katsman shows the reader how to negotiate international trade transactions with minimal risk and no investment; prepare documents for the bank under 'Letters of Credit'; start an import/export business; obtain exclusive rights for products; and find trading opportunities through the Internet. Practical, informative, articulate, How To Make Money Without Money is essential for the novice with limited or no capital, and has much of great value to offer even the more experienced trader and internationally oriented entrepreneur faced with capital investment restrictions."
Review by Gregory Bresinger of Independent Publisher :
" 'It takes money to make money.' So the old saw goes. Well, not necessarily, according to Jacob Katsman, an international trader and financier. Katsman, who thought he was headed for a career in law or journalism, probably prefers 'knowledge is power' as his favorite saw. Katsman, was told by his father to find out what a letter of credit was. The Iron Curtain had come down and a new era of international trade had dawned.
A few months later he was knee deep in international trading and never has looked back. He has co-founded a commodity exchange on the Internet called the Continental Community Exchange.
With a 'you can do too' philosophy, Katsman details a step by step process that he claims can transform almost anyone into an international trader, a business person with access to 'a million dollars' of credit. With the right training, or maybe the right padre, almost anyone can become an international trader, he says.
'After ten years of sleepless nights,' Katsman writes, "travelling all over the world, meeting interesting people, and moving tons of a variety of products across the globe, I thank my father for opening the door to the real world and guiding me through the obstacles that lay ahead.' "