The Theory Of Investment Value
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- Synopsis
- This book was first printed in 1938, having been written as a Ph.D. thesis at Harvard in 1937. Our good friend, Peter Bernstein mentioned this book several times in his excellent Capital Ideas which was published in 1992. Why the book is interesting today is that it still is important and the most authoritative work on how to value financial assets. As Peter says: "Williams combined original theoretical concepts with enlightening and entertaining commentary based on his own experiences in the rough-and-tumble world of investment." Williams' discovery was to project an estimate that offers intrinsic value and it is called the 'Dividend Discount Model' which is still used today by professional investors on the institutional side of markets. Appendix, Tables
- Copyright:
- 1938
Book Details
- Book Quality:
- Excellent
- Book Size:
- 647 Pages
- ISBN-13:
- 9780870341267
- Publisher:
- Fraser Publishing Company
- Date of Addition:
- 08/31/20
- Copyrighted By:
- John Burr Williams Jr. and John Burr Williams Trust
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance
- Submitted By:
- 170
- Proofread By:
- 170
- Usage Restrictions:
- This is a copyrighted book.