Investment Valuation: Tools and Techniques for Determining the Value of Any Asset
| Author | : | |
| Rating | : | 4.23 (750 Votes) |
| Asin | : | 111801152X |
| Format Type | : | paperback |
| Number of Pages | : | 992 Pages |
| Publish Date | : | 2013-09-16 |
| Language | : | English |
DESCRIPTION:
I have great admiration and respect for Prof Alastair MacAndrew I have great admiration and respect for Prof. Damodaran, and I don't know anyone who doesn't. I have attended some of his conferences and they are usually packed. Not only does he explain things with great clarity, but he delivers his conferences with gusto and humor.This is a fabulous reference text. The author covers practically every aspect of valuation: big firms, small ones, private cos., real estate, m&a, etc. What I really liked were his methods for including option theory and use of options formulae for calculating value when there is no cash-flow, such as oil or min. "A marvelous and serious resource for thinking about valuation." according to Craig Matteson. As a businessman and a student of business, I consider this one of the most important business books that I own. I consult it regularly and use it in every consideration I have involving valuation. This is a complex and subtle topic. I know people wish it were a straightforward topic that you could simply apply inputs and crank the handle and receive a sure valuation that everyone could agree to. But real life isn’t like that. This is why every deal has a buyer and a seller. We each have different approaches, different needs, different desires, and different expectatio. "Some updated data and still an excellent valuation book" according to C. Ang. Many of the numbers have been updated since the 2nd edition of this book was published some 10 years ago. That is, many charts and tables have data going through as late as 2011 (although some still use old data). To be fair, it is very hard to find really good examples of things, so I don't really blame him for not updating some of the examples. Most of the topics though are still pretty much the same as the 2nd edition (this is also to be expected), but, in some instances, the discussion is updated to cover recent events.Overall, this is still an excellent valuation book.
With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.. All examples have been updated and new material has been added.Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investmentsIncludes valuation practices across the life cycle of companies and emphasizes value enhancement measures, such as EVA and CFROIContains a new chapter on probabilistic valuation technique
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