How do I edit this code?

Hi Guys,

Not so well versed with PHP but I want to edit this code to place a unique title for my blog just for the homepage.

<title><?php wp_title('&laquo;', true, 'right'); ?><?php bloginfo('name'); ?></title>
<?php
} else { ?><title><?php

if ( is_home() ) {

bloginfo('name')

basically I want to have this title "SEO Taoist | SEO, Social Media, Design, and Usability Philosophy
" just for my homepage.

Hope you can help.