Investment Valuation

published

2012-09-03

rating

3

This book took me a year to read because it was very difficult to focus on. It was very long-winded and dry, in the usual college textbook fashion, but this is just the price that must be paid for covering all of the material in full detail. The book covers a lot of good topics and contains more examples than you need, which is fine because you can always skip the examples if you already understand the idea. The organization probably could have been better - I think "Determining Value" had a much better introduction to discounted cashflow valuation. And there were a few places where pedagogical leaps were made in which non-trivial concepts were assumed without being properly explained. But overall, it is a decent book for mastering the basics of investment valuation.