Valuation
This book, “Valuation: Measuring and Managing the Value of Companies,” has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.
Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more. The Financial Times calls the book “one of the practitioners’ best guides to valuation.”
Fooled By Randomness
This book is about luck disguised and perceived as nonluck (that is, skills) and, more generally, randomness disguised and perceived as non-randomness (that is, determinism). It manifests itself in the shape of the lucky fool, defined as a person who benefited from a disproportionate share of luck but attributes his success to some other, generally very precise, reason. Such confusion crops up in the most unexpected areas, even science, though not in such an accentuated and obvious manner as it does in the world of business.
Corporate Valuation
Managers and investors place big bets and take large risks based on the valuation models discussed in this book. They are willing to make those investments and take those risks because they expect to earn sufficient cash in the future from these investments to create value for their companies or superior returns for their investment portfolios. The valuation models discussedin this book provide the conceptual frameworks and tools to conduct these analyses.